If the Big 12 Breaks up do we still need to pay our exit fees

[BigRedPowerWagon]

Do we still need to pay our exit fees.

 

[Marf]

If?

Don't you mean when?

 

[HUSKERCR]

How else will they pay Beebe's unemployment benefits?

 

[jsneb83]

They probably already used that money to launch the LHN.

 

[GMoose]

That's actually a really interesting question. I too would love to hear some insight from anyone who's heard

 

[AFhusker]

I'm pretty sure that NU has already paid the exit fee. I asked the same question on another board with some boosters on it and that is what they told me.

 

[huskerjonaz]

I understood that the exit fees come out of our final year's conference revenue sharing money, which would have been last year, so the money is gone.

 

[husker B-rent]

correct the money was already paid.

 

[mnhusker]

I have always wondered what happens to the ESPN contract if the conf. goes up in smoke? ( I think Nebraska can laugh all day) I added this so we can keep the topic in the Husker thead.

 

[RedDenver]

I understood that the exit fees come out of our final year's conference revenue sharing money, which would have been last year, so the money is gone.

Correct. We never actually paid them; they just didn't pay us the distribution we would have gotten last year.