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I don't think this question has been answered, and it may NOT be since the MVC does not need to release their financial info..
HOWEVER - there are a few hints..
-Most conferences have a penalty that teams have to pay to leave, a "buyout" written into their agreements with each school.
One source said:
"There??™s no significant exit fee penalty for Wichita State to leave the league.
(By leaving without giving the requisite 12 months notice, per Valley by-laws,
Wichita State would forfeit a portion of its share of the annual conference
revenue distribution)."
But who knows what they mean by "significant"? There still might be some costs
-BUT multiple sources are reporting
"Wichita State has to surrender its NCAA tournament basketball victory
revenue to the conference."
Wichita earned $3,423,568 from their NCAA Tournament success in 2017 (which is paid to the conference and Wichita gets a share)
BUT - since the NCAA pays all NCAA Tournament revenue out over a 6-year span - then each of the prior 5 years' worth of revenue is still being paid to the MVC and Wichita loses that as well -
Remember, one of those years was a Final Four appearance in 2013 that generated over $11 million in revenue still being paid out.
One source puts the total loss at somewhere around $2 million...but given that there's still payout coming from as far back as 2011, then I have to wonder if it's even more.
Wichita State also has to pay a $2.5 million entry fee to get into the AAC.
Then a conservative estimate of what it would take to start up a football program, which might well be the plan (or even the expectation) since they are joining a FB-playing conference, is in the $40-$60 million range.
So the overall costs right away would be in the $4-5 million range with a possibility of costing much more to get the football going...and with public universities under such a cash-crunch - it'll be interesting to see how much of those costs end up in the lap of students paying tuition or the taxpayers.
HOWEVER - there are a few hints..
-Most conferences have a penalty that teams have to pay to leave, a "buyout" written into their agreements with each school.
One source said:
"There??™s no significant exit fee penalty for Wichita State to leave the league.
(By leaving without giving the requisite 12 months notice, per Valley by-laws,
Wichita State would forfeit a portion of its share of the annual conference
revenue distribution)."
But who knows what they mean by "significant"? There still might be some costs
-BUT multiple sources are reporting
"Wichita State has to surrender its NCAA tournament basketball victory
revenue to the conference."
Wichita earned $3,423,568 from their NCAA Tournament success in 2017 (which is paid to the conference and Wichita gets a share)
BUT - since the NCAA pays all NCAA Tournament revenue out over a 6-year span - then each of the prior 5 years' worth of revenue is still being paid to the MVC and Wichita loses that as well -
Remember, one of those years was a Final Four appearance in 2013 that generated over $11 million in revenue still being paid out.
One source puts the total loss at somewhere around $2 million...but given that there's still payout coming from as far back as 2011, then I have to wonder if it's even more.
Wichita State also has to pay a $2.5 million entry fee to get into the AAC.
Then a conservative estimate of what it would take to start up a football program, which might well be the plan (or even the expectation) since they are joining a FB-playing conference, is in the $40-$60 million range.
So the overall costs right away would be in the $4-5 million range with a possibility of costing much more to get the football going...and with public universities under such a cash-crunch - it'll be interesting to see how much of those costs end up in the lap of students paying tuition or the taxpayers.