Exit Fees
3/20/2013 3:11:13 PM
Poster: DEK

 Do X and Butler have to pay exit fees to leave A-10 with no notice? Would seem that with the big TV contract the New Big East got we should at least enrich the coffers.

 



3/20/2013 3:20:50 PM
Poster: herve

 A10 has a $2 million exit fee.



3/20/2013 3:39:56 PM
Poster: The MV

That's a bit less than the $50 million Maryland is being asked to pay.

 



3/20/2013 3:41:36 PM
Poster: bobo

Don't forget the lost A10 League take from the last 5 years (2013 included) of NCAA Tounament money each departing school leaves on the table. 



3/20/2013 3:43:19 PM
Poster: DEK

 You would seem that Butler just became a member how do they leave after 1 year, meaning isn't there a notice clause?



3/20/2013 3:58:56 PM
Poster: Free Quebec

Yes, they have to pay $2 million and forfeit any NCAA tourney units they would have earned.

So one good thing is that for every win this year by the A-10 in the tourney, we will basically be splitting them 10 ways, instead of 16 ways, plus the $4 million in exit fees from Butler and Xavier, plus I assume more exit fees next year from SLU and Dayton.   

I don't know if Charlotte and Temple have to pay because they gave more than a year's notice.



3/20/2013 4:09:58 PM
Poster: LA Fan

 Good timing because GW's NCAA money is burning off right about now.  Hopefully some of this cash can go straight into our recruiting budget.

 

 

 

 



3/20/2013 5:17:46 PM
Poster: The MV

I believe that Charlotte and Temple are in for $1 million (apiece) with the year's notice.

 



3/20/2013 6:24:40 PM
Poster: bobo

Since teams gernerate more Tourney $$$ the longer they stay in the Dance, let's hope Butler faces Temple in the Ellite Eight so those teams can leave more money to the remaining A10 schools.



3/20/2013 7:23:25 PM
Poster: newtman

let's face it a $2 million exit fee for teams leaving is chump change compared to what they will earn i the future.



3/20/2013 7:45:49 PM
Poster: GW Alum Abroad

 I hope GW uses the money to bring in a quality opponent to the Smith Center next season    Seriously, they would not be changing conferences if it did not make financial sense for them. Still, not sending the lacrosse, soccer and baseball teams to Indiana and Ohio has to be worth something  (in terms of savings), too.



3/20/2013 9:07:46 PM
Poster: Poog

 Not sending the lacrosse team to Indiana or Ohio is as much about logistics as saving money. No A-10 team in those states has a women's lacrosse team.



3/22/2013 2:33:33 PM
Poster: bobo

From the A10 Forum:

Atlantic 10 NCAA Units Analysis

Assumptions:

1 NCAA unit is given to the Atlantic 10 Conference based on each game played in the NCAA Tournament. A Unit gets paid to the conference throughout the following six seasons. The A-10 distributes the money based on the reported 75%-25% split, with the 75% going to the school that earned the unit.

Butler and VCU first receive payment based on units earned by the A-10 during the 2011-2012 NCAA Tournament.

Temple and Charlotte forfeit any units earned or still to be paid starting with the 2012-2013 NCAA Tournament.

Unit Values are as follows (a combination of estimates and reported figures) 2007 NCAAT: $190,000. 2008 NCAAT: $200,000. 2009 NCAAT: $210,000. 2010 NCAAT $222,206. 2011 NCAAT $239,664. 2012 NCAAT $258,502. These are annual installments paid every year for six years after the tournament.

2007 NCAA Tournament: Two A-10 schools made the Big Dance earning three units. GW earned 1 while Xavier earned 2. These would be paid out from the 2007-2008 seasons through the 2012-2013 season. GW earned $897,872 and Xavier earned $1,731,436 over the six year stretch. The 12 A-10 schools that missed the Tournament made $64,308 over the stretch, while VCU and Butler were given $9,500 each for the 2012-2013 season.

2008 NCAA Tournament: Three A-10 schools made the Big Dance earning six units. St Joes and Temple earned 1 while Xavier earned 4. These would be paid out from the 2008-2009 seasons through the 2013-2014 season. St. Joes earned $1,023,59, Xavier earned $3,657,436 and Temple earned $843,590 over the six year stretch. The 11 A-10 schools that missed the Tournament made $145,641 over the stretch, while VCU and Butler were given $53,333 each for the 2012-2014 seasons. Charlotte forfeited $20,000 and Temple forfeited $166,667 for leaving the conference that was distributed to the remaining 14 schools and is already reflected in the above numbers.

2009 NCAA Tournament: Three A-10 schools made the Big Dance earning six units. Temple earned 1, Dayton earned 2, while Xavier earned 3. These would be paid out from the 2009-2010 seasons through the 2014-2015 season. Dayton earned $2,008,462, Xavier earned $2,930,846 and Temple earned $708,077 over the six year stretch. The 11 A-10 schools that missed the Tournament made $163,692 over the stretch, while VCU and Butler were given $91,000 each for their three seasons. Charlotte forfeited $42,000 and Temple forfeited $350,000 for leaving the conference that was distributed to the remaining 14 schools and is already reflected in the above numbers.

2010 NCAA Tournament: Three A-10 schools made the Big Dance earning five units. Temple earned 1, Richmond earned 1, while Xavier earned 3. These would be paid out from the 2010-2011 seasons through the 2015-2016 season. Richmond earned $1,136,221, Xavier earned $3,089,355 and Temple earned $548,963 over the six year stretch. The 11 A-10 schools that missed the Tournament made $159,655 over the stretch, while VCU and Butler were allocated $116,923 based on 4 seasons. Charlotte forfeited $55,551 and Temple forfeited $544,404 for leaving the conference that was distributed to the remaining 14 schools and is already reflected in the above numbers.

2011 NCAA Tournament: Three A-10 schools made the Big Dance earning six units. Temple earned 2, Richmond earned 3, while Xavier earned 1. These would be paid out from the 2011-2012 seasons through the 2016-2017 season. Richmond earned $3,423,332, Xavier earned $1,315,518 and Temple earned $753,405 over the six year stretch. The 11 A-10 schools that missed the Tournament made $261,611 over the stretch, while VCU and Butler were allocated $233,958 based on 5 seasons. Charlotte forfeited $95,866 and Temple forfeited $1,501,894 for leaving the conference that was distributed to the remaining 14 schools and is already reflected in the above numbers.

2012 NCAA Tournament: Four A-10 schools made the Big Dance earning seven units. Temple and St. Bonaventure earned 1, St. Louis earned 2, while Xavier earned 3. These would be paid out from the 2012-2013 seasons through the 2017-2018 season. St. Bonaventure earned $1,407,605, St. Louis earned $2,545014, Xavier earned $3,682,518 and Temple earned $219,727 over the six year stretch. The 10 A-10 schools that missed the Tournament made $270,196 over the stretch, while VCU and Butler were also allocated $270,196 based on a full six seasons. Charlotte forfeited $150,793 and Temple forfeited $1,098,634 for leaving the conference that was distributed to the remaining 14 schools and is already reflected in the above numbers.

Charlotte is giving up a total of ~$370,000 for leaving the A-10 while Temple is giving up ~$3,700,000.

If Xavier were leaves after the 2013-2014 season it will forfeit ~$4.7 million in NCAA unit money plus whatever it is allocated for this season which will be distributed among whoever is left in the A-10.



3/22/2013 2:45:45 PM
Poster: bobo

Since XU and Butler are leaving after this season, Butler is giving up anything they would have earned from this year's dance. 

Butler has earned 2 units so far - unit for each game played.  $500-550k.  If they continue to win, more units will be earned. Same for all teams.  If Temple hangs on that's another $550k.  Since the A10 has a 75/25 split in favor of the team earning it, the departing teams are giving up a larger chunk earned then other conference that have a 25/75 split.  Everyting Butler and Temple earns this year

It looks like XU if giving up around $7m in Tournament earnings leaving this year. 

GO BUTLER! GO ST LOUIS! GO TEMPLE! GO LA SALLE! GO VCU!



3/22/2013 3:16:46 PM
Poster: bobo

Correction: Each unit should be anout $1.5+ total or about $245/yr.  So Butler would be giving up at least $3m.  We'll see if Temple can hang on and earn more $$$ for the A10. 



3/22/2013 4:20:58 PM
Poster: thinker

Thanks, Bobo - That's a fantastic analysis of one money aspect of teams leaving the A-10. So GW's share increases in two ways: 1) the departing teams' shares get put into the general distibution pot AND 2) if the A-10 stays at 12 teams next year, that would mean that each share for the remaining teams is significantly increased as well because it's being divided into fewer shares.



3/22/2013 5:37:28 PM
Poster: herve

 Just keep the money coming-in A10!

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