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Syracuse Athletics
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ACC, PAC-12, and BIG alliance / conference realignment
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[QUOTE="HtownOrange, post: 5365940, member: 622"] This issue has been discussed ad nauseum in this an other threads, look it up. The documents presently agreed to, which FSU and Clemson wish to alter/amend, make the exit fee, 3X the annual TV revenue per school. The 2022-2023 payout was $44.8MM per school, the buyout at that time was $134.4MM. It went up last year and will go up annually until the endo the deal. The GOR is a separate agreement between ESPN and the ACC, the ACC received the rights of each school via each school granting their rights to the ACC for the sake of the deal with ESPN to obtain the ACCN. As noted above, the rights return money back to the ACC and then the schools. That money increases each year. FSU estimated it would cost them about $600MM to buy their way out and sued to decrease that amount. The $600MM was a low ball figure based on other schools having bought their rights back to switch conferences; see UT, USC, OU, UCLA, Pitt, SU. For FSU to buy their rights back alone is worth more than $250MM for 2031-2036, assuming they leave after the 2030 academic year. Further, ESPN must agree to whatever buyback of rights because ESPN is not likely to allow the sale and then pay more than $100MM more to move FSU to the SEC When ESPN can force FSU to wait until 2036 or pay a premium. NOTE: The article only speaks of agreements pertaining to the four lawsuits between FSU, Clemson and the ACC. ESPN is not a party to any of the lawsuits and any concept of FSU doing whatever they want and sticking it to everyone else - including ESPN - is a farce. To the writer's credit, they were likely forced to get the story out before clarifying every detail. As it stands, the details are not worked out nor are they agreed to. However, FSU is not likely to win the ultimate legal issues, though the Florida courts are giving them homefield advantage in the meantime. [/QUOTE]
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