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Here is my question: If Missouri goes do they have to deal with the waiver and more importantly does that make it more not less likely that the SEC never budges on the waiver requirement?
My answer to this is another question....If Missouri leaves, what are the chances that the Big 12 survives? I would say pretty good now that t.u. and OU have nowhere to go, but Missouri better follow the proper protocol like A&M did if it wants to leave....and not pull an OU.
If the reamining members of the Big 12 (more importantly t.u. and OU) decide to stay together and actually reduce their comittment to writing (a contract involving granting tier 1 and tier 2 rights to the conference)....then the waiver is not a big deal. The reason the SEC wanted a waiver is because they knew the Big 12 had no such contractual obligations and one school leaving (A&M) could destroy the entire conference....and there would be real damages to schools like baylor and iowa state. Even if baylor had a crappy case, the simple fact that baylor would have huge damages would be a PR nightmare for the SEC and baylor would be a media darling by filing a lawsuit...and the SEC would want to settle even though baylor's case sucked.