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Exit Fee

All articles tagged with #exit fee

sports2 years ago

San Diego State's Departure from Mountain West Sparks Exit Fee Dispute

San Diego State University (SDSU) and the Mountain West conference are in a dispute over the university's departure. SDSU initially announced its intention to leave the conference, but later decided to stay. However, the Mountain West insists that SDSU formally announced its departure and is withholding a $6.6 million payment as the first part of an exit fee. Lawyers from both sides are involved, and SDSU's status will be discussed at a board of directors meeting. Potential landing spots for SDSU include the Pac-12 and the Big 12, but no moves have been made by either conference.

via Yahoo Sports|
#big-12#exit-fee#mountain-west
sports2 years ago

San Diego State's Decision: Staying in Mountain West Conference for Now

San Diego State University (SDSU) and the Mountain West conference are embroiled in a legal dispute over the university's membership status. SDSU claims it never formally left the conference, while the Mountain West insists it did. The conference is withholding a $6.6 million distribution share to defray SDSU's exit fee, pending reinstatement by the board. The university is considering legal options and awaits an invitation from the Pac-12 or reinstatement from the Mountain West. The dispute has escalated with lawyers now involved, and a meeting is scheduled for July 17 to discuss SDSU's membership status.

via The San Diego Union-Tribune|
#conference-membership#exit-fee#legal-dispute
sports2 years ago

San Diego State Decides to Remain in Mountain West Conference

San Diego State University (SDSU) has decided not to provide official notice of departure from the Mountain West Conference before the deadline, as rumors of an invitation from the Pac-12 remain unconfirmed. This move allows SDSU to avoid a higher exit fee and potentially negotiate a larger distribution share from a new conference. The university now has until June 30, 2024, to give one-year notice of departure for the 2025-26 season. The Pac-12 is expected to present a media rights deal to its members before considering expansion to replace USC and UCLA.

via The San Diego Union-Tribune|
#exit-fee#expansion#mountain-west-conference
sports2 years ago

San Diego State faces realignment standoff with Mountain West conference.

San Diego State's recent letter expressing its intent to resign from the Mountain West conference has caused confusion and a potential predicament for the school. The Mountain West interpreted the letter as an official notice to leave, but SDSU claims it was only an attempt to discuss options with a potential Pac-12 invitation. The exit fee for leaving the Mountain West is about $17 million if notice is given by June 30, and $34 million if given after. SDSU currently has nowhere to go next year and may need to mend fences to stay in the Mountain West temporarily.

via The Athletic|
#conference-realignment#exit-fee#mountain-west