I don't think either side wants a long drawn out litigation where 2 state entities are suing each other. That's just a waste of state funding. Yes, even though it is the BigXII it will be viewed as Texas vs AnM and AnM will have legal costs that will cost the state money.
I think they probably came to an agreement to just keep the money that is due AnM and Mizzu this year and be done with it. You can't compare NU/CU exit fees to this because it's apples and oranges. Different situations, different amounts of money withheld, etc.
I don't know the exact breakdown but I would imagine that AnM will be paying a little more than Mizzu because AnM was going to get a larger payout this year. Probably somewhere around $18mil/$16mil. Of course, the reason the total is still unknown (between $31mil and $34mil) is probably because the year is not over yet and nobody knows what the final payout will be per team. Mizzu is likely to go far in the BBall tourney and if they do, they would likely earn a bigger payout.
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We don't have to pay sh-t.....the money will come out of our Big 12 TV money for 2011-2012.
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I've never really understood this thinking. It's not like you don't have to pay it just because you don't write a check. NU and CU didn't write checks either. It still cost them money. As a matter of fact, if you had to write a check then it means that you would have at least had use of that money for a while. The fact that it was withheld means you never got it.
Look at it this way. If your boss told you he wasn't going to pay you your annual salary until the end of the year so you were just going to have to figure out a way to pay o your bills by borrowing money or something...then at the end of the year he said he changed his mind and wasn't going to pay you afterall...would you feel like you made out well just becuase you didn't have to actually write a check?
[This message has been edited by SocalOrange (edited 2/15/2012 1:28p).]