That "report", if you want to characterize it as such, was nonsense, probably concocted by a B12 detractor (jealousy) or SEC homer (nascent fear, actually whether you believe it or not - they would love to kill the ACC - that was partly behind the snub). Here is something valid from someone with contacts inside FSU:
"Yesterday, I met with an FSU professor who has excellent knowledge of
Florida State, leaving the ACC and the Grant of Rights. He explicitly stated that the GoR is about as ironclad as it gets because of how small the document is. The ACC wrote this intentionally short so that the ability to find loopholes shrinks to almost 0. Furthermore, the only way to dissolve the GoR is with a 3/4s vote from the conference members. However, with this in mind, the smaller schools in the ACC just voted in 3 new schools, making it even more challenging to find an overwhelming majority. If it were easy to leave the conference, FSU and these other schools would have already done it." But where would they go? The Big12 pays less and does not have a conference TV network, the Big10 would not want them without AAU status, and the SEC seems unlikely too, as their media rights would stay with the ACC. Although Swofford is vilified as an NC homer, he did get a TV network and that is the reason the schools signed the GOR. As Phillips said, there will never be another conference TV network.
Giving my two cents on the CFP decision, transfer portal, and the Orange Bowl
www.tomahawknation.com
Some time ago I did read elsewhere that the Big12 helped the ACC write their GOR. Also, 5 years from now we will be in a different situation. Certainly SMU is going to have a big impact next year (8-4 or 9-3) but also the "two power 5" teams from California. Stanford wants and needs to get better next year (6-6) for the next go round and the Cal Golden Bears next year (9-3 or 10-2) may make an even bigger splash than SMU. They will have a veteran team with good skill players. Those teams have some pretty good athletes and recruit nationally.