Colorado won’t leave Big 12 early … ready for the Pac-11?by Anthony Gimino on Aug. 24, 2010, under Sports
Colorado won’t be leaving the Big 12 ahead of schedule. So, does the Pac-10 change its new logo to the Pac-11 for next season?
Utah is leaving the Mountain West Conference for the Pac-10, beginning next season. But the Buffs, according to the Boulder Daily Camera, will remain in the Big 12 for the next two season, as originally planned.
The Buffs were hoping to be able to wriggle out of their arrangement with the Big 12 a year away in order to go into their new conference with Utah hand-in-hand. Meanwhile, the Big 12 also will play with 11 teams in the 2011-12 school year, as Nebraska will leave for the Big Ten (which will really be 12).
According to the Daily Camera,
CU gave the Big 12 two years’ notice of its intention to leave the league back in June, meeting the criteria spelled out in Big 12 bylaws. The Buffs would have to forfeit 50 percent of conference distributions for those two years.
Nebraska and Utah made their conference realignment announcements after CU, leading to speculation about speeding up the time line for the Buffs to move by a year. Big 12 bylaws require schools to forfeit 80 percent of conference distributions with just one year notice of an intention to leave.
Big 12 officials have publicly quoted the 80 percent as the total CU will owe almost from the beginning, despite the fact the Buffs gave two years’ notice. …
The Pac-12 has agreed to help CU with some of the cost to switch leagues, but millions can be saved by simply remaining in the Big 12 an extra year. Colorado officials have estimated they could forfeit between $9 and $14.5 million in conference distributions.