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FSU vs The ACC
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[QUOTE="HtownOrange, post: 4951223, member: 622"] I didn't listen to the audio, to the remainder of the their assessment: 1) How is that a university that had no money to settle while demanding the ACC settle for $100MM on a ten year payback plan now has $150MM? Seriously, if they could raise money that fast why didn't they raise any before starting the ruckus? And if they can raise $150MM in six weeks why not wait a few more months and raise the full amount?⁸ 2) See Hoo's That's point. If the GOR can be broken, all GORs can be broken. 3) If FSU will break one GOR, they will do so again if they see an opportunity. 4) If FSU negotiated a settlement, the cost of settling must be deducted from future payouts. Example: Assume FSU joins the B1G: they are not likely to get the USC sweetheart deal. They will get something for the duration of the present contract less the cost of buying out of the ACC contract. They will lose money for at least the duration of the present B1G contract. Any accounting student could see this, and CPA is probably screaming at the top of their lungs that this is risky. And if they get the Washington/Oregon deal, FSU will lose money on the payout plus the costs of the settlement. 5) The ACC withdrawal fee is $120MM give or take. The rights buyback from ESPN and the loss to the ACC is the lion's share of any FSU exit settlement. Unless ESPN has guaranteed a soft landing, FSU is in deep trouble. If ESPN has guaranteed FSU a soft landing, then ESPN may be liable for interfering and dealing in bad faith with the ACC. Basically, fraud, which in the federal courts may be punished up to ten-fold. Yup, FSU and ESPN could face a five billion dollar liability if their has been any assurance. I don't think this has happened as ESPN is not likely to provide any assurances and even approach the line of tortious interference or bad faith dealing with the ACC, it's simply not worth the risk. 6) FSU may claim UMD as precedent but FSU demanded the threefold annual TV payout withdrawal fee. This means that FSU is not likely to be able to withdraw for a penny less than the contracted withdrawal fee. Just a few more thoughts regarding FSU. [/QUOTE]
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