So if a team said they are leaving after this season........
They would most likely have to pay back 90% of last year's revenue and lose out on 90% of this coming year's revenue. Am I reading that correctly?
That's a hefty chunk of $.
For exp. Nebraska earned $9.1M in 2007. (let's assume it stays constant through 2010) 2009 Rev. 9.1 * .9 = Payback of $8.19M 2010 Rev. 9.1 * .9 = Payback of $8.19M.
Therefore, if Nebbie came out today and said they will join the Big 10 in 2011, they would owe $16.4M apx.
I wonder what the ability to pull money back from last year's pay out would be?
They would most likely have to pay back 90% of last year's revenue and lose out on 90% of this coming year's revenue. Am I reading that correctly?
That's a hefty chunk of $.
For exp. Nebraska earned $9.1M in 2007. (let's assume it stays constant through 2010) 2009 Rev. 9.1 * .9 = Payback of $8.19M 2010 Rev. 9.1 * .9 = Payback of $8.19M.
Therefore, if Nebbie came out today and said they will join the Big 10 in 2011, they would owe $16.4M apx.
I wonder what the ability to pull money back from last year's pay out would be?