Thursday, August 19, 2010

University of Nevada-Reno Goes To MWC: Where Are They Going To Get The $5 Million?

The University of Nevada-Reno (UNR) is planning on leaving the The Mountain Athletic Conference (MAC). it will cost them $5,000,000 to leave. Where are they going to get the money?
I didn't realize that the State of Nevada had such a nice budget and the higher education budget was so flush with cash, that they can come up with $5,000,000 within a couple of weeks just to switch conferences.
From ESPN: Fresno State and Nevada should not expect any parting gifts from the other members of the Western Athletic Conference when the Bulldogs and Wolf Pack leave for the Mountain West.
WAC commissioner Karl Benson said Thursday that each departing school will have to pay a $5 million fee to his league and wait until 2012 to move after accepting the MWC's invitation and dismantling an agreement the WAC was on the verge of completing with BYU...

Although Nevada did not actually sign the buyout agreement and loyalty pledge, Benson said WAC lawyers believe the Wolf Pack are still subject to the terms of the deal and will seek the money, due 60 days from Wednesday.
http://sports.espn.go.com/ncaa/news/story?id=5477045
So, how does UNR (and Nevada taxpayers) propose to pay for this move? If we had $5,000,000 laying around I would be surprised. Maybe we don't have a massive budget shortage as we once thought.

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