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[QUOTE="HtownOrange, post: 4723286, member: 622"]
ESPN deals with the conference, the ACC in this instance.  Each school is required to sign over their TV rights to the conference, the Grant of Rights.  The conference then signs the contract with the network.

My apology for not being clearer.

Anyway, the theory is that if the ACC is dissolved, the GOR goes away.  However, ESPN has fulfilled is part of the bargain benefitting the ACC and individual schools (payments) and remains the beneficiary of certain portions of the contract (TV rights).  Each school knew by signing the GOR that they were individually granting their rights to whichever network the ACC contracted with on behalf of the schools.  Thus, even if the ACC is dissolved, the individual schools have pledged their TV rights to the network in exchange for the deal.

Often under contract law, when a party is dissolved, contracts cease.  However, this is not always true; in cases in which the middle party dissolves and the rights of the remaining parties may still be preserved, the dissolution of the middle party does not affect the contract and life goes on.  Another example is when a key party selles everything involved to a new organization, the contract continues, like TEP624 Industries buying out ESPN, TEP624 must pay the ACC/schools for the TV rights.
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