Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Boise State Petitions Court to Void $5 Million Big East Cancellation Penalty
Author: Scarinci Hollenbeck, LLC
Date: April 24, 2013
Key Contacts
Back
In light of an announcement from the Big East Conference – soon to be the American Athletic Conference – that it will pursue a lawsuit against Boise State University for failing to pay the $5 million cancellation policy for exiting the conference, BSU has filed a counter lawsuit.
In a statement released by the university, BSU has requested that the court absolves it of its obligation to pay the penalty, arguing that many of the conditions it was required to meet before formally becoming part of the Big East conference were never completed.
The university listed several conditions that failed to be addressed, including the fact that the Big East lost more than 78 percent of its membership between Dec. 6, 2011, and Dec. 31, 2012, and the conference failed to add football schools west of the Mississippi River. As a result of these unaddressed challenges, in addition to several others, BSU argues that, under sports law, its contract is void.
“Boise State worked diligently to try to salvage the Big East Conference and help lead it into the future, but in the end the changes and losses proved too great to overcome,” said Boise State Athletic Director Mark Coyle.
“Boise State entered into that agreement in good faith and with a great degree of optimism, but the conference we agreed to join simply no longer exists,” said Boise State President Bob Kustra.
The conference responded to the lawsuit, and said that while the school’s legal actions are “disappointing,” it is confident that a judge will side with it and require BSU to meet its contract obligations, according to The Associated Press.
- Industries: Entertainment & Media
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Why Every Business Should Conduct an Annual Insurance Coverage Review
Most New Jersey business owners purchase insurance policies, file them away, and assume they are protected if a claim arises. Without a regular insurance coverage review, many companies discover gaps only after a lawsuit, cyberattack, property loss, or other significant event occurs. An annual insurance coverage review can help businesses identify potential risks, ensure their […]
Author: George McGowan
Demand Letters & Cease and Desist Letters: When to Send One (and When Not To)
Businesses and individuals often encounter situations where another party breaches a contract, fails to pay a debt, or continues harmful conduct. In many such disputes, a precisely drafted demand letter or cease-and-desist letter serves as a powerful legal tool. It can frequently resolve the dispute and avoid litigation. While demand or cease-and-desist letters can resolve […]
Author: George McGowan
How to Effectively Use Contracts to Manage Risk
Key provisions in your contracts, including those relating to indemnification, insurance, and defense, are essential to contract risk management. While sometimes considered “boilerplate,” these provisions play a pivotal role when determining which party is responsible for certain costs and liabilities. They must always be negotiated and drafted carefully. Indemnification Clauses Businesses should never overlook the […]
Author: George McGowan
Understanding Portability for Estate and Gift Tax
Portability of estate and gift tax enables a surviving spouse to inherit any unused portion of their deceased spouse’s federal estate and gift tax exemption. So, if one spouse doesn’t utilize their full exemption, the surviving spouse can effectively double their exemption amount with regard to estate tax liability. For married couples, portability offers a […]
Author: Marc J. Comer
Pet Trusts in New Jersey and New York: A Practical Estate Planning Tool
For many of us, pets are more than companions—they are members of the family. Yet they are often overlooked or inadequately provided for when it comes to estate planning. A pet trust offers a legally enforceable way to ensure that your animal continues to receive proper care if you become incapacitated or pass away. As […]
Author: Marc J. Comer
How Can Trusts Be Used in Business Succession?
For many New Jersey business owners, a closely held company represents decades of work, financial investment, and personal sacrifice. Trusts in business succession planning are one of the most effective tools for protecting that value, allowing founders to control how and when the business passes to the next generation while reducing the risk of disputes, […]
Author: George McGowan
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.