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CU to pay $6.8 million of buyout, per Chippy

Discussion in 'Colorado Football Message Board' started by Sportsfan101, Sep 21, 2010.

  1. Sportsfan101

    Sportsfan101 Active Member

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    Latest tweet: Orangebloods.com has learned Colorado will pay roughly $6.8 million of an estimated $19 million to leave Big 12 after '10-11.

    This is phenomenal news -- way to go Mike Bohn! Plus, because of smart legal maneuvering in this process, we're saving approx. $2.5 million more than Nebraska! :lol:
     
  2. Mick Ronson

    Mick Ronson Well-Known Member

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    wow. score. win-win.
     
  3. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    Nice!
     
  4. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

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    Congrats to Bohn if true.
     
  5. buff4bcs1985

    buff4bcs1985 Hail to the King

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    friend hijacked computer
     
    Last edited: Sep 21, 2010
  6. leftybuff

    leftybuff Iconoclast Club Member

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    :wow:
     
  7. Scotch

    Scotch Registered User Club Member Junta Member

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    Did anyone here ever doubt this? :lol:
     
  8. Mick Ronson

    Mick Ronson Well-Known Member

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    i've heard, sometimes and somewhere....it's raining men.
     
  9. wsp4820

    wsp4820 Sally Club Member Junta Member

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    Chip is probably the greatest reporter of all time. I find his reporting to be spot on and entirely accurate. In fact, I always look forward to his latest tweet.
     
  10. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    Well alrighty then.
     
  11. wsp4820

    wsp4820 Sally Club Member Junta Member

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    The repression might explain a lot.
     
  12. HotRack

    HotRack Rez BubbleHead Club Member

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    Well, Chip said it, so it must be true. I'll bet Sacky is running in the fields extolling the reporting virtuosity of one Chip Brown.

    Although if true, it's nice to see the dickwad Brown eat his own **** he spewed at the beginning of this saying we would owe $19-20M and the Mac 10 would hold us to it. What a ****ing moron! Great reporting, Chip.
     
  13. Scotch

    Scotch Registered User Club Member Junta Member

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    I can already here the spin on this one. The Mack 10 knowing CU was is such financial straights, showed mercy on poor ole CU and gave them a discount. Something to that affect.
     
  14. SuperiorBuff

    SuperiorBuff Well-Known Member

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    That Mike Bohn is a worthless bastard and needs to be fired immediately!
     
  15. HotRack

    HotRack Rez BubbleHead Club Member

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    Oh, you know that's what it'll be, and of course he'll completely ignore the fact that we operated in the black last year while A&M who got blackmailed to stay in the Mac 10, was $17M in the red last year. ****ing moron.
     
  16. buff4bcs1985

    buff4bcs1985 Hail to the King

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    my bastard friend ****ing hijacked my computer while i was out getting a bottle of champagne
     
  17. SanDiegoBuff

    SanDiegoBuff Club Member Club Member

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    Only in Texas can $9.2m and $6.8m add up to the $35-$45m that chip was quoting.
     
  18. HotRack

    HotRack Rez BubbleHead Club Member

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    Well, for someone who likes men, you buying champagne seems appropriate.
     
  19. buff4bcs1985

    buff4bcs1985 Hail to the King

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  20. Junction

    Junction Moderator Club Member

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    Pink? On ice?
     
  21. tante

    tante Club Member Club Member

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    fify wow sounds like you are having a hell of a party
     
  22. Buffnik

    Buffnik Real name isn't Nik Club Member Junta Member

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    Is the champagne to celebrate your new relationship?

    bcs, I hate to bring this up but I feel it needs to be said.

    Your friend really should have let you attention whore with a big announcement thread. Coming out with an OT post isn't really your style. If he doesn't know you better than that, I have concerns about this love affair lasting. Enjoy it while you can.

    Enough of that, though.

    Congratulations!
     
    SuperiorBuff likes this.
  23. Bill Cody

    Bill Cody Well-Known Member

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    Really, I could care less what spin is put on it and what anybody thinks. The facts say that we are paying $6.8M (if true) which is better than $9.2M and certainly better than $19-20M. No matter what it took to negotiate to that point, it was worth it IMO
     
  24. SCB

    SCB Well-Known Member

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    And my dog ate my homework. :lol:
     
  25. Junction

    Junction Moderator Club Member

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    :yeahthat:

    Most of the talk had been approx. $9 million. We got out for $6.8 million. Basically, we just earned an extra $2.2 million for the AD. I wonder what we might be able to use that money toward??? :huh:
     
  26. MrFrumpylane

    MrFrumpylane Well-Known Member

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    So is A&M going to be pissed? I thought they stayed in the BXII because they were "promised $20 million"? Does the BigXII blow up now?
     
  27. Jerry

    Jerry Well-Known Member

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    Sh!tcan certain member(s) of the AD. Don't forget the 1.5 million that we're getting for being OSU's patsy in 2011.
     
  28. zbuff

    zbuff Club Member Club Member

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    My thought exactly...
     
  29. Bill Cody

    Bill Cody Well-Known Member

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    True. But the point is that we should realize better income (eventually) in the PAC 12. With success, we should realize increased donations given our new footprint. $2.4M goes a looooong way within the CU AD if they can actually access this money in the semi-near future....whether it be used for this, or some other improvement.
     
  30. Junction

    Junction Moderator Club Member

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    Oh, I totally agree. I think this move would have paid off in reasonably short time @ $9 million. At $6.8 it's a great deal.

    I was just making a little funny about an expense that is (hopefully) upcoming that might run us a little more than $2.2 million...
     
    Bill Cody likes this.

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