re: Rumors that FSU and Clemson joining SEC. Announcing on 10/10.

quote:

---

[quote]The settlement left the athletics directors at some of the continuing Big 12 schools “kind of dumbfounded,” Kansas State athletics director Gene Taylor said. “We fought back as hard as we could,” but he said the conference’s lawyers advised them, Yormark and the schools’ presidents and chancellors that the bylaws were “not as rock-solid as everybody thought and we could be tied up on lawsuits forever.”[quote]

Link: USA Today

It is believed that Texas and Oklahoma finally found a way out of the GOR.. and the ACC supposedly used the same GOR as the Big 12.

If that is true.. it would be pretty easy to give this info to Clemson and FSU.

---

You are confusing two different things: the exit fee in the bylaws (2 years of withheld revenues) and the grant of rights. The lawyers were talking about the liquidated damages clause of the bylaws, and whether or not withholding two years revenue would stand up in court as a reasonable estimate of the Big XII's damages from OU and Texas leaving. There was a faction that just wanted to move on, and was willing to use the lawyer hedging on this (and ESPN's willingness to kick in a little money) as a justification to cut OU and Texas loose a year early. OU and Texas didn't find a way to invalidate the grant of rights: the situation on the ground just became such that the Big XII decided they would be better off letting them go in order to make room for the new additions.