This came from the warchant article;
With the addition of Notre Dame, the Council of Presidents also approved the increase of the league's exit fee from around $20 million to three times the annual television payout per team. This year, that would be around $50 million.
I can't help but think that Notre Dame could claim that their exit fee would be three times what their revenue would be. ND's revenue is 1/15th of 20% of the entire package correct? That puts their exit fee at one million or so.
I'd like to see the actual contract language on that, or have one of you lawyers look at at.