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Woelk: CU early exit good work by Buff officials

Discussion in 'CU Buffs Newsroom' started by absinthe, Sep 23, 2010.

  1. absinthe

    absinthe Ambitious but rubbish. Club Member Junta Member

    Dec 1, 2006
    Likes Received:
    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.


    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.


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