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Showing results for tags 'fees for exiting'.
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Welcome to "Second Guess" Tuesday. This is much like two-for-Tuesday specials, but with opinions instead of pasta. Would it really cost a Conference USA member school only $400,000 in exit fees to leave for another league? Not even close. Granted, it sounded like that at first. When C-USA commissioner Judy MacLeod had an informal chat with media members during the recent Conference USA Football Kickoff event in Irving, Texas, she reportedly commented that the exit fee would be two year's worth of revenue. So, lots of people leaped to the conclusion MacLeod was talking about just television revenue. Since the projected television revenue in 2016-17 and 2017-18 is only $200,000 annually per school, folks arrived at the $400,000 exit figure. But as it turns out, the exit fee isn't based on only television revenue. "It would include any revenue allocated after a school would submit their notice of withdrawal," explained Courtney Morrison-Archer, C-USA's associate commissioner for public affairs. "Schools must provide 14 months notice. "So, before May 1 of year 20XX to withdraw June 30 of year 20XX plus one." And that includes all revenue? "All revenue," confirmed Morrison-Archer. That makes a lot more sense, not to mention a lot more dollars. According to figures published by The Virginian-Pilot newspaper in Norfolk, Va., C-USA is projected to have $53,757,000 in revenue for 2016-17. read more: http://www.herald-dispatch.com/sports/marshall_sports/chuck-landon-fees-for-exiting-c-usa-not-cheap/article_ee3aa126-5615-5354-bec2-c0cad747762a.html