The MOU that might save the Mountain West Conference
Big Perks for UNLV and Las Vegas as the MWC moves its HQ to Sin City.
The MOU is attached at the bottom of the page. Here are my four highlights:
MWC agrees to maintain a $3.5 million annual payment to each regular Member Institution for media rights.
Distribution of Exit Fees ($85 million) from five departing members and Withdrawal Fees ($55 million) from the Pac-12 (subject of current lawsuit):
First $61 million: UNLV/Air Force $15 million each with $7 million paid to other full members.
Second: $18 million: Recruiting Reserve to attract new conference members
Third: $21 Million (Partially funded by Exit Fees and contested Withdrawal Fees): UNLV/Air Force $5.1 million each with $2.5 million paid to other full members.
Fourth: Legal Fees (not specified)
Fifth: Balance of funds split evenly among full members.
MWC schools are released from obligations of this MOU (not conference exit fees) if an invitation is extended from ACC, Big 10, SEC or Big 12.
Las Vegas gets some perks. Basketball championship and MWC HQ move to Sin City.
Mountain West Conference MOU
