Skip to content

Solving one of the biggest problems of Catholic 7 leaving Big East–exit fees

Dec 14, 2012, 8:03 PM EST

Mike Aresco Big East commissioner AP

As news broke this past week that the Big East’s seven Catholic schools would break off and form their own conference, the one thing that has been the driving form behind realignment showed up again.

Money.

What was to become of the exit fees paid by schools that had previously defected from the Big East and would these Catholic Seven be obligated to pay exits fees of their own?

A report from the USA Today Friday is providing some clarity.

According to Mark Blaudschun, Big East commissioner Mike Aresco is working on a plan that would distribute the $20 million in exit fees to the ten active voting members of the conference—Marquette, Villanova, St. John’s, Georgetown, Providence, Seton Hall, Connecticut, South Florida, Connecticut, and DePaul.

The total amount of exit fees would later double, according to the report, but would be delivered in installments and could vary in amount due to legal disputes, including the departure of Rutgers from the conference.

“It’s one thing to say you are leaving,” a person familiar with the talks told the USA Today, “but the devil is in the details. They (the Catholic schools) did this, but I’m not sure if they have any idea of all the work that is involved in making it work. Right now, the Big East doesn’t have a television contract for basketball for next season.”

To read the entire report, click here.

Daniel Martin is a writer and editor at JohnnyJungle.com, covering St. John’s. You can find him on Twitter:@DanielJMartin_

Latest Posts
  1. Late Night Snacks: Florida, Xavier, West Virginia earn good road wins; VCU rolls past George Washington

    Jan 27, 2015, 11:35 PM EST

    wvu Getty Images

    Xavier and West Virginia earned nice conference road wins while VCU rolled over George Washington.

  2. #POSTERIZED: Dorian Finney-Smith with the rare game-winning poster (VIDEO)

    Jan 27, 2015, 11:16 PM EST

    MISSISSIPPI FLORIDA MISSISSIPPI FLORIDA

    Florida needed this win badly. Dorian Finney-Smith dunked them there.

  3. Wyoming guard Riley Grabau banks in 3/4 court first-half buzzer-beater against Utah State (VIDEO)

    Jan 27, 2015, 10:55 PM EST

    Wyoming v UNLV Getty Images

    Wyoming’s Riley Grabau banked in a buzzer-beater from long distance to end the first half against Utah State.

  4. Uncertainty still plagues South Florida forward after weekend hospitalization

    Jan 27, 2015, 7:15 PM EST

    Chris Perry AP

    South Florida is still without its most productive player after after he went into the hospital with chest pains this weekend.

  5. Colorado gets a commitment from Class of 2016 guard

    Jan 27, 2015, 6:00 PM EST

    Tad Boyle AP

    Colorado gets another guard in the 2016 class.

  6. Akron to play second-annual ‘Purple Out’ in purple uniforms to help raise pancreatic cancer awareness

    Jan 27, 2015, 5:00 PM EST

    (Akron Athletics) (Akron Athletics)

    Akron is having its second-annual “Purple Out” against Ball State to help raise pancreatic cancer awareness.

  7. Duke releases awesome ‘mixtape’ to celebrate Coach K’s 1,000th win (VIDEO)

    Jan 27, 2015, 4:00 PM EST

    You sometimes forget just how good some of the Duke guards were throughout the years. Here’s a reminder.

  8. New Mexico governor donates $10,000 to Lobo star’s charity

    Jan 27, 2015, 3:33 PM EST

    Getty Images Getty Images

    Hugh Greenwood made headlines last week for responding to an online troll.

  9. Dan Patrick Show: Coach K talks 1,000 wins, most important player (VIDEO)

    Jan 27, 2015, 12:00 PM EST

    Mike Krzyzewski AP

    Can you guess who the most important player in program history was?

  10. Winter Storms postponing a few college basketball games (UPDATED)

    Jan 27, 2015, 9:16 AM EST

    Ed Cooley (AP Photo) AP

    DePaul may have to reschedule their trip to Providence.

  11. Late Night Snacks: Iowa State tops Texas in top-25 Big 12 battle; North Carolina beats Syracuse

    Jan 26, 2015, 11:45 PM EST

    Brice Johnson, Kennedy Meeks, Marcus Paige AP

    North Carolina and Iowa State earned conference home wins on Monday night.

  12. No. 15 Iowa State holds on to beat No. 19 Texas

    Jan 26, 2015, 11:22 PM EST

    Isaiah Taylor, Monte Morris AP

    Iowa State bounced back from a loss against Texas Tech with a big home win over Texas.

  13. Ineligible UCLA freshman forward now allowed to practice with the team

    Jan 26, 2015, 10:00 PM EST

    FIBA FIBA

    UCLA should get a boost in practice with the addition of a four-star freshman forward to its roster.

  14. BYU starting forward could be held out for the rest of 2014-15 season

    Jan 26, 2015, 9:00 PM EST

    Nate Austin AP

    BYU might be without a key frontcourt piece for the rest of the season.

  15. Report: Wake Forest transfer finds a new spot in the CAA

    Jan 26, 2015, 8:00 PM EST

    Wake Forest Demon Deacons v Arkansas Razorbacks Getty Images

    The son of a former NBA veteran is moving on to a CAA program from Wake Forest.

  16. Washington kicks talented shot blocking big man off the team

    Jan 26, 2015, 6:54 PM EST

    Robert Upshaw (Getty Images) Getty Images

    Washington loses one of the most talented shot blockers in the nation.