If I were in Sankey’s shoes, I’d have to consider the addition of two of the biggest names in college sports, i.e., not just football.
BUT…..I’d also say that two points are a condition of any further negotiations.
First, the policy around distribution of funds will be the same for all schools and all sports. Any arrangement wherein any school gets an outsized share of any conference money from any athletic competition of any kind or any payor, is a non-starter. Not negotiable. Don’t like it? Don’t care. There’s the door.
Second, we’re not taking OSUs. No way. No how. Not negotiable. Whatever the Oklahoma legislature might have to say is not our problem. No OSUs. Can’t make that happen? Not our problem. Don’t care. There’s the door.
Agreeing to those points doesn’t guarantee anything. It means only that we have something to talk about.
If you don’t agree to both points, we have nothing to discuss. Go on about your way.
But you’re not exactly known for straight dealing. Looking at you, UTw. So there’s something else.
Even if you agree to the first two conditions up front, we’re concerned about your track record.
To keep you from agreeing up front and then attempting to re-trade the deal, there’s a third condition: if you try to re-trade the deal, you’re liable for all legal fees of all parties. You’ll guarantee that by posting a $25 million retainer / escrow, in cash, and agree to treble damages if the $25 million isn’t sufficient.
If you don’t try any shenanigans, you get your money back after the deal is signed. If you do, we deduct legal fees from the escrow / retainer, and refund the difference. If it turns out $25 million isn’t enough, we’re coming after you for triple the difference…which, by the way, you’ve already agreed to.
Any disputes will be settled in a state court in the SEC Office’s state of domicile. Which I think is Alabama, but could be Georgia. Don’t like it? You shouldn’t have jobbed a long line of erstwhile business parters.
Did I make it clear I don’t trust UTw as far s I could throw Phil Fulmer?