Press Conference Takeaway: Temple joins Big East
- Updated: March 7, 2012
Temple ready to take advantage of second chance in Big East
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MAC says Show Me The Money! Marinatto confirmed previous reports that the Big East will help Temple with exit fees but would not comment on the specifics. The MAC is requesting $6 million for an early exit fee from Temple. The Atlantic 10 is charging $1 million to leave. The Big East should have the resources to pay those fees, with West Virginia agreeing to a $20 million payment to leave the conference and join the Big 12 in 2012.
One More To Go: The Big East has clearly not given up on finding a 14th football member. John Marinatto stated the desire is ultimately to have two even seven-member divisions in football and noted that the ideal solution would be to add a western partner in addition to San Diego State and Boise State. Air Force has previously turned down the idea of joining the Big East with Navy (who joins in 2015) and is continuing to move forward with exploring the Conference USA-Mountain West Conference merger. Do not be surprised if Air Force remains in play for the Big East.
If not, BYU? Notre Dame?
What about Pitt and Syracuse? With the addition of Temple, Marinatto mentioned that it might be feasible to negotiate an early exit for Pittsburgh and Syracuse before the end of the conference’s 27-month waiting period. Under the current agreement, Pittsburgh and Syracuse, heading to the ACC, would stay in the Big East through the 2013 football season and join the ACC in 2014. Marinatto said it might be in the best interest of the conference to work with the two ACC-bound schools to come to an agreement to allow them make the move following the 2012 season. This would give the Big East 12 football members in 2013 with the additions of Boise State, San Diego State, Central Florida, Houston, Memphis, and SMU. There is no timetable for those discussions at this time.
Can Temple and Villanova co-exist in the same market? The Big East and representatives from both Philadelphia universities seem to think so, but the conference is taking extra caution with the delicate nature of having two conference members located so close to each other. Marinatto said a consultant will be hired to help with the process to find the best way to have each live in peace.
Temple’s expanded budget: Katz mentioned at one point that the move to the Big East changes Temple’s athletics budget by 800 percent. This is a figure worth digging a little deeper. Unfortunately, Temple’s athletic budget numbers are not available online
What we do know is that a move to the Big East has shown to pay off previously. Louisville’s budget grew from $52.4 million to $68.8 million from 2010 to 2012, thanks in part to new TV revenue in the Big East and form premium seating at football games. That is an increase of 31.3 percent. Michigan has seen an increase from $84.6 million to $109.8 million in that same time span with premium seating in Michigan Stadium and more. That is an increase of 29.8 percent.
Consider those schools are coming from a better financial situation than Temple is and you can see that these figures may not be all too much of an exaggeration. Still, we need more information on this one.
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