I don't think the union has any intention to make a counter comment on the specifics. It's bargaining. There's nothing unusual going on. Both sides want to get a deal.

We saw Republic stock fall from $29 down to $19 and work back up to $29. But you didn't know where Republic stock was going to end up when this deal was finished.

In the early 70's you had wonderful games and attention for two competing tournaments. Gradually the NCAA decided it was worth more and more money to drive the NIT into second class status.

We were completely stunned, ... This decision was about as far off target as any that I've ever seen.

We anticipate a complete resolution of the entire litigation. We reached an oral agreement on all the principled terms, but it is complex so we are going to spend today writing it all up.

The owners want a new collective bargaining agreement? ... Well, we need to take a hard look at situations like this.

Schools can't afford to do this. The prominent schools can't give up two or three home games for the prospect of maybe playing four games on a neutral court. It's financially impossible. It'd be end of the event.

When someone says it's not about the money, it's about the money.

I would say this is all about principle. The principle here was to protect the postseason and preseason NIT and to keep it in New York. ... It will actually enhance the events and give them a greater chance to survive and be strong.