CBS Sports.com reported on Friday that the Big East Catholic 7 would be splitting more than $60 million in assets according to documents obtained.
Nice story. But we’ve heard it before.
Here’s the lead to a Post by A Jerseyguy.com in December about what the Catholic 7 were planning. As Annie Savoy said in Bull Durham, “You can look it up.”
According to sources in the Big East, the 7 Catholic schools who announced on Saturday that they were leaving–DePaul, Marquette, Seton Hall, Providence, Georgetown, Villanova and St. John’s–and the three remaining FBS schools–Connecticut, South Florida and Cincinnati–will split a pot that includes more than $60 million in assets compiled from exit fees and the highly profitable “units” handed out by the NCAA to schools that perform in the lucrative NCAA basketball tournament.
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