Will $25M cash payout from Big East fast-track Nippert Stadium renovation?.
The University of Cincinnati has been trying mightily to get out of the collapsing Big East Conference, but its lack of options to-date might result in a big-time payout for its athletic program. With as much as $25 million in cash heading to Clifton, might this fast-track the $75 million renovation and expansion of Nippert Stadium? More from CBS Sports:
Big East leaders met Friday afternoon in Atlanta to discuss, among other things, the withdrawal of the Catholic 7. No deals regarding the new basketball-centric league or reported sale of the “Big East” name were finalized, but Blaudschun reports that the current “football faction” will have a cash fund of “close to $100 million for distribution.”
The $100 million total is a combination of nearly 70 million dollars the Big East has and will collect in exit fee money from schools that have left or have announced they are leaving and another total of approximately $30 million which will come to the Big East offices from the NCAA as “unit” shares for conference teams participation in the NCAA men’s basketball tournament.
