Neill WoelkCamera Sports Writer
Posted: 09/21/2010 11:54:28 PM MDT
Neill Woelk
To no one`s surprise and almost everyone`s relief, the divorce was finalized Tuesday afternoon.
While it may not have been an amicable parting, neither was Colorado`s separation from the Big 12 particularly acrimonious. The two will go separate ways beginning in 2011, meaning this year will indeed be the Buffs` swan song through a conference it played a major role in forming.
The Buffs` share of the alimony payment will be $6.86 million; fellow Big 12 escapee Nebraska will pony up $9.25 million.
Thankfully, there were no child custody arguments. The Big 12 gets to keep homes in Ames, Stillwater, Waco and Lubbock; Colorado gets the vacation spots in Tempe, Los Angeles, San Francisco and Seattle.
You tell me who won.
Financially, it`s a good result for the Buffs.
When Colorado first announced its plans to go west, initial reports said the Buffs could owe as much as $15 million to $18 million for their exit fee.
Wrong.
Instead, they`ll pay about 36 percent of two years` worth of conference revenue, a significantly lower portion than some of the rather ludicrous reports that were being circulated even as late as Tuesday morning.
Give Colorado chancellor Phil DiStefano a well-deserved pat on the back for this one, and a healthy assist to athletic director Mike Bohn.
More...
http://www.buffzone.com/ci_16139794
Posted: 09/21/2010 11:54:28 PM MDT
Neill Woelk
To no one`s surprise and almost everyone`s relief, the divorce was finalized Tuesday afternoon.
While it may not have been an amicable parting, neither was Colorado`s separation from the Big 12 particularly acrimonious. The two will go separate ways beginning in 2011, meaning this year will indeed be the Buffs` swan song through a conference it played a major role in forming.
The Buffs` share of the alimony payment will be $6.86 million; fellow Big 12 escapee Nebraska will pony up $9.25 million.
Thankfully, there were no child custody arguments. The Big 12 gets to keep homes in Ames, Stillwater, Waco and Lubbock; Colorado gets the vacation spots in Tempe, Los Angeles, San Francisco and Seattle.
You tell me who won.
Financially, it`s a good result for the Buffs.
When Colorado first announced its plans to go west, initial reports said the Buffs could owe as much as $15 million to $18 million for their exit fee.
Wrong.
Instead, they`ll pay about 36 percent of two years` worth of conference revenue, a significantly lower portion than some of the rather ludicrous reports that were being circulated even as late as Tuesday morning.
Give Colorado chancellor Phil DiStefano a well-deserved pat on the back for this one, and a healthy assist to athletic director Mike Bohn.
More...
http://www.buffzone.com/ci_16139794