Dec 13, 2012, 7:48 PM EST
The question now is, simply, how?
The presidents of the seven schools conducted a teleconference with Big East commissioner Mike Aresco on Thursday morning. The presidents are expected to issue a statement on their schools’ future in the next 24 to 48 hours.
According to the report from USA Today, the basketball schools have two options. The first is that they can leave as a group, and while that would prevent them from having to pay any exit fees, it would forfeit their share of the exit fees from the schools that have already left the conference, the NCAA tournament win-shares and their right to the Big East “brand”.
The other option?
Well, that’s where things could get crazy:
The Catholic schools could vote to dissolve the league. With seven votes out of 10 being cast (Connecticut, South Florida and Cincinnati are the others), the Catholic schools would have the two-thirds majority to pass that measure.
Once that is done, the outstanding bills of the league would be paid and the assets would then be divided among the 10 members. But everything else disappears including the current agreements in place with football and basketball, naming rights for each conference and the issue of spots in the new football system of playoffs and bowl games and the NCAA tournament spot that is guaranteed to the Big East tournament champion.
(UPDATE: Well, maybe not:
Big East hoops schools can't dissolve league, sources told @espn. Can leave as group w/out paying exit fees, but must wait 27 months—
Brett McMurphy (@McMurphyESPN) December 14, 2012
I can’t keep up.)
If you’re a lawyer, you might want to try and get yourself connected with whatever firm the Big East and the Catholic 7 schools hire.
Because regardless of how this plays out, the legal fees generated while the schools fight over who gets what money will be enormous.
I should have gone to law school.
Nov 24, 2014, 7:00 AM EST
Putting together a top 25 this early is tough to do as we balance expectations with early season performance.
Nov 24, 2014, 1:10 AM EST
No. 1 Kentucky set a new school record, Ohio State’s Shannon Scott broke Aaron Craft’s single-game assist record and more.
Nov 24, 2014, 12:15 AM EST
‘Buckets’ earned his nickname because he gets … buckets.
Nov 23, 2014, 11:49 PM EST
A week that began with a win at No. 7 Florida ended with a commanding victory over Charlotte at the Gildan Charleston Classic.
Nov 23, 2014, 9:57 PM EST
West Virginia has better depth and toughness than they had a season ago, and those improvements paid off in Puerto Rico this weekend.
Nov 23, 2014, 8:55 PM EST
The 5-foot-10 guard has a standing vertical of 38 inches. That’s pretty good.
Nov 23, 2014, 8:10 PM EST
Kadeem Jack missed the first two games of the season with a thumb injury.
Nov 23, 2014, 6:55 PM EST
With Cullen Neal already dealing with an ankle injury, Arthur Edwards is the latest Lobo dealing with a health issue.
Nov 23, 2014, 5:34 PM EST
Rakim Lubin was averaging five minutes per contest in UConn’s first three games.
Nov 23, 2014, 5:16 PM EST
House scored 18 points, shooting 7-for-11 from the field, in Texas A&M’s 64-51 win over New Mexico.
Nov 23, 2014, 3:55 PM EST
Yale forward Matt Townsend was named a Rhodes Scholar this weekend, a rare honor only give to 32 American students each year.
Nov 23, 2014, 2:41 PM EST
Danuel House made his presence felt immediately for Texas A&M.
Nov 23, 2014, 2:10 PM EST
Oakland forward Tommy McCune had to overcome the loss of his mother after she lost her battle with cancer, but he’s shown flashes of great play early this season as he moves forward.
Nov 23, 2014, 1:10 PM EST
The high school ranks gave us a great dunk this weekend.
Nov 23, 2014, 12:00 PM EST
One of the best unsigned players in the 2015 class is down to three schools but then visited another school on Friday night.
Nov 23, 2014, 11:00 AM EST
Looks like Larry Nance Jr. is fully recovered from last season’s ACL injury.
Division III school makes buzzer-beating three-pointer against same opponent in back-to-back years (VIDEOS)
Nov 23, 2014, 10:00 AM EST
This is one of the wildest buzzer-beaters I’ve ever seen and the back story makes it that much more incredible.
Nov 23, 2014, 9:10 AM EST
Tournament action resumes on a busy Sunday of college hoops.
Nov 23, 2014, 3:56 AM EST
Concerns about Cook moving off the ball seem foolish through five games.
Nov 23, 2014, 2:00 AM EST
No. 21 Nebraska was the lone ranked team to fall on Saturday, but give them credit for being willing to go on the road to play a dangerous opponent.
- College Basketball Talk’s latest top 25: Kentucky reigns, but how far will Kansas, Florida slide? 0
- Providence star LaDontae ‘Buckets’ Henton may be the nation’s most under-appreciated star 1
- West Virginia shows signs of progress in Puerto Rico Tipoff win over No. 17 UConn 1
- Quinn Cook is thriving as an off-guard, and No. 4 Duke will reap the benefits 0
- Rhode Island upsets No. 21 Nebraska, 66-62, in overtime 0
- Lauren Hill surprises teammates, fans with another layup in her second college game (VIDEO) 2
- The ‘Chaminade Crew’ and how Jonathan Holmes has changed the culture of Texas hoops 0
- Poll: 54 percent of people think Kentucky beats the 76ers, 54 percent of people are dumb (31)
- No. 1 Kentucky’s size, depth overwhelms No. 5 Kansas, makes 40-0 seem possible? (5)
- Pregame Shootaround: No. 14 Iowa State needs to be on upset alert tonight (3)
- Miami upsets No. 8 Florida thanks to the Angel Rodriguez takeover (3)
- Colorado’s second half run a product of its focus on getting the ball inside (3)