The recent revolving door of the OVC is about to become slightly less open. At last week’s OVC spring meetings, the conference increased their entrance and exit fees. Those fees are charged to school that join or leave the OVC, with the revenue to be split among the school and the conference.
The amount of the the exit fee, specifically, can vary, but will be at least $500,000, according to the Anniston Star. If a school wants to leave early, which almost every school does when switching conference, the fee increases to $750,000. Both of those fees do not include a revenue forfeiture the school’s would also incur during their “lame duck” years.
Schwartz added that the increased fee isn’t a response to a team feared to be leaving, but meant to reflect an “appropriate value” for the league.
To compare, the ACC recently increased their exit fees to $50 million dollars.
$500,000, or even $750,000, isn’t going to stop a team from leaving the OVC for just about any conference. Entrance fees would be much cheaper: $150,000 for a Division II school to join, and $100,000 for a Division I school.
Neither will have much of an impact on any potential conference realignment. If a school is looking to move upward, they would easily have the $750,000 on hand, and a $100,000 or $150,000 entrance fee is far from a bar to moving.
The conference, and many of it’s member schools, have made it quite clear that 12 is the upper limit for the OVC, at least for now.
There were some other notable items from the Spring meetings:
- The conference is creating a panel to study baseball, soccer, and tennis conference tournament formats. All three currently allow just six teams. Likely, the panel is considering a possible expansion of those tournaments. (I can’t imagine a reduction in teams)
- There’s also a committee looking into improving the women’s basketball tournament. They hope to have recommendations no later than next year’s spring meetings. I have an idea…
- The OVC really wants a home FCS playoff game, and is offering a pool of $60,000 to be split among teams that apply for a home playoff game. Previously, that pool was a paltry $1,000 a year.
- Commissioner Beth DeBache’s contract was extended through the 2016-17 year.