Re: 12.15 announcement on Big Ten expansion
I don't know how much the buyout actually was, but I'm convinced that it was substantially less than $18 MM. The consistent note from insider types is that the public speculation about the buyout is significantly higher than it really was. (Well, that's one consistent note; the other consistent note is that the actual amount is never getting out.)
They just took an $18 million hit with Charlie Weis.
I don't know how much the buyout actually was, but I'm convinced that it was substantially less than $18 MM. The consistent note from insider types is that the public speculation about the buyout is significantly higher than it really was. (Well, that's one consistent note; the other consistent note is that the actual amount is never getting out.)