Delaware State benefits from default on contract; Memphis State says NCAA wrong to impose "strict liability", Cubs file for Chapter 11

October 13, 2009

How do you value a forfeit?

This Saturday Delaware State of the MEAC travels to "The Big House" to play the Wolverines of Michigan in football. What's the big deal you say? Michigan is just playing a non-conference game against an FCS team (Football Championship Subdivision formerly known as 1AA).


The big deal is that this game was arranged in order that Michigan could fill a vacant spot on their schedule and that Delaware State could fill a vacant spot in their bank account. Delaware State should bring home slightly more than a half million dollars for playing the game. Delaware State, being a historically black college, lags behind many of the other FCS schools in funding their football program. This game will go along way in helping Delaware State's athletic department's budget.

In order to travel to Ann Arbor though, Delaware State was forced to forfeit a conference game against MEAC foe North Carolina A&T. So it is very conceivable that Delaware
State will lose two games this weekend. When does it become economically beneficial to default on one contract, such as Delaware State did, and enter into another? When someone (Michigan in this case) makes you an offer you can't refuse.

They've taken the $500,000.00, godfather.



The University of Memphis
 argues in appeal against NCAA's imposition of "strict liability":
"The Committee’s statement concerning the finding that this is a ‘strict liability situation’ is not supported by evidence, precedent or logic,”  Link:
http://rivals.yahoo.com/ncaa/basketball/news?slug=ap-ncaa-memphis&prov=ap&ty






Cubs file for Chapter 11
The filing is being made to insulate the proposed new owners from the Tribune Co.'s creditors.

http://msn.foxsports.com/mlb/story/10208420/Cubs-file-for-bankruptcy-protection-as-part-of-sale
 

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