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George Mason's Atlantic 10 financial ramifications

George Mason Basketball: George Mason's Atlantic 10 financial ramifications

Monday, March 25, 2013

George Mason's Atlantic 10 financial ramifications

From the CAA in a press release:
George Mason’s teams in seven spring sports (baseball, men’s golf, women’s lacrosse, women’s rowing, softball and men’s and women’s tennis) will become ineligible for CAA spring 2013 championships.

George Mason will forfeit its projected 2013 conference distribution of approximately $330,000 and future distributions (through 2017 totaling an additional $1.32 million). George Mason will also pay a minimum liquidated damages fee of at least $1,000,000.  Total forfeited funds will be no less than $2.65 million.
If you remember, prior to VCU's departure last May the CAA exit fee was only $250,000. However usually the new conference helps to compensate on those costs.


Anonymous Justin 'Tim Kaine' Edwards said...

that is how much we spend a year on basketball and we have to pay that just in fees.... that def hurts

12:56 PM  
Anonymous BrianDC said...

Do we get any money from this years A10 tourney run (esp with the two teams that are leaving?)

2:43 PM  
Anonymous Ric Andersen said...

Of course not. We aren't a member of this year's A-10.

9:33 AM  
Anonymous Ric Andersen said...

Short term, it hurts. But according to President Cabrera, the move pays for itself in five years. After that, the increase in television revenue plus future tournament credits is substantial.

9:40 AM  

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