From the HD this morning....
Chris Miller, chairman of the board’s Athletic Committee, asked Monday what the costs of leaving would be. Gilbert said the school would be forfeiting any distributions of revenue for its remainder of time in Conference USA.
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There is an exit fee that is a forgoance of the revenue distribution this year and the next year, so those fees will be monies that we will not get from Conference USA — roughly, $3 million,” Gilbert said.
If Marshall decides to leave in time for the 2022-23 season, O’Malley said there could be an increased cost for the early exit.
“The bylaws require a 14-month notice to get out of Conference USA so that, in essence, covers two years of distributions,” O’Malley said. “Once you give notice, you cannot receive distributions, but you are also required to give that 14-month notice, so if you get out before that, it is going to require some negotiations.”
The Sun Belt Conference is eager to have Marshall join, and showed as much by waiving a $2 million fee associated with joining the league.
“Marshall was an important part of what we hoped to do in conference realignment,” Gill said. “We certainly didn’t want money to get in the way. We are financially strong. It was not something that was necessarily critical for us, so helping them manage their transition was an easy choice for our presidents.”
HUNTINGTON — As Keith Gill started his Monday in Huntington, his morning stroll took him on his first visit to Joan C. Edwards Stadium and Cam Henderson Center.
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