I'm sure that would be challenged at some point
by jt (2023-06-05 09:23:24)

In reply to: Its interesting that the law will require 50/50 split of the  posted by 84david

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if it ever becomes law.

I could see university bondholders objecting, particularly
by Homeboy73  (2023-06-05 16:49:15)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

where the university bonds are not just general obligations, but are secured by the university’s athletic revenues. There are contracts with bondholders securing repayment, and those contracts would be impaired.

perhaps, but as the courts have said recently
by jt  (2023-06-07 14:01:42)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

the idea that a business owner can't pay his staff because he has other bills to pay won't fly.

I can't decide to not pay my assistant because I have to pay my rent, in other words.

The logical reply would be that the money needs to come from the school's end of the deal; if that means they need to cut some bloated staff, so be it.