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Actually, the B1G is withholding $13 million over the entire 4-year span of our bowl-ban rather than $13 million per year. If you are banned from bowls in the B1G you don't get to share the bowl revenue.
The forfeited money will not be split by the other teams in the Conference but rather go to TBD designated not-for-profits.
October 12, 2013. PSU 43 - UM 40 (4 OT). Unfortunately this fan wasn't around long enough to see it!
I would like the BOT to simply say NO. After further review ,we aren't going to comply. ( won't happen because of the eunuchs on the BOT.)
Forcing this thing into court, especially PA State court, would expose the NCAA. I would predict they would back down immediately.
They are on such shaky ground with this that they certainly wouldn't want to go t war, particularly, in a hostile arena ( PA Courts)
This post was edited by FLY 16 months ago
I might agree with you if the funds were being used, but they are being LOANED. There's a very big difference there. The university is earning a decent return on that loan. It's no different than any other investment that they might make. The only way your premise would make any sense is if the athletic department couldn't pay back the loan and, as I've said, there's no indication that could happen.
This post was edited by UncleLar 16 months ago
Is this true for OSU as well?
I think so. But maybe those a little closer to the B1G policy can weigh in?!?
OSU still gets their bowl dollars...
Buckeyes still get share of bowl purse
COLUMBUS, Ohio -- Ohio State won't be putting any money into the Big Ten's bowl bank account in 2012. It will be withdrawing around $400,000.
Despite being banned from playing in a bowl game due to NCAA violations, there is nothing which prevents Ohio State from collecting the same amount that Michigan, Wisconsin and other Big Ten schools receive, conference officials said.
"I can't speak on behalf of our members, but it'd be the same as if Ohio State or any of our schools finished 5-7 this year and were not eligible to play in a bowl game because of their competitive record," Big Ten deputy commissioner Brad Traviola said Friday.
He added that the division of funds from the conference's bowl pool "are not dependent on who all is playing."
Ohio State won't be putting any money into the Big Ten's bowl bank account in 2012. It will be withdrawing around $400,000.
Thanks for sharing Posas. It is totally hypocritical and wrong of Delaney and the B1G to withhold bowl $$$ from PSU on bowl-ban and not OSU. Just goes to show that the B1G is ALL ABOUT UM and tOSU.
effDelaney, effB1G, effEmmert, effNCAA, effdickRod, effBOT.
It's just bloody frustrating!!
Uncle lar. I respect your opinion but we will just have to agree to disagree. Internal loans like these are not investments. They are called such to make everyone feel better about the fact the university is funding the shortfall.
Hmm, maybe make argument that if Paterno was fired after 98 or 01 incident, may have made more money, bypassing dark years with a better coach. Maybe we didn't benefit at all by this lingering so long as the NCAA argues.
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