HRE Otto IV
Hall of Fame
- Joined
- Jan 14, 2016
- Messages
- 7,816
- Like
- 12,934
What exactly do you think Grant Of Rights means? You need to do some reading.
Cliff Notes version: GOR means you give up your rights to compensation if you decide to leave. Each team granted their rights to the conference in exchange for being compensated by the league for their product/content. That is in addition to paying the exit fee.
They granted the TV rights to ESPN in exchange for being compensated. If you leave you, you do not own the rights and cannot sell them. They are still owned by ESPN. So you give up the ownership of the TV rights, but do you also give up the right to compensation? If there is not language saying that, would they not be entitled to the payout?
I haven't seen anything indicating that. If it is out there, please provide. Shouldn't be hard.
Or to put this another way..
FSU: Hi ESPN, we are selling you our TV rights until 2036.
ESPN: Great news. We will pay you $30M per year for that.
FSU: Agreed.
FSU: We changed our mind we want to go play in the B1G.
ESPN: Well we still own your TV rights so if you want to resell them you need to buy them back.
FSU: We cannot afford that. You can keep them but you still owe us that $30M a year.