There was a post about this today actually (B12 person FYI)
Here is the summary of what was posted:
ESPN has approached FSU, Clemson and the ACC about a potential settlement allowing the Seminoles & Tigers to leave the ACC whenever they want. But an ESPN brokered deal is only possible if FSU and Clemson leave for the SEC. Why? I'm glad you asked.
ESPN is the exclusive rights holder for both the ACC & SEC. Moreover, ESPN is a partner in both the ACCN and SECN. ESPN would not lose money if FSU & Clemson are in the SEC as opposed to the ACC.
The basics of the potential settlement are:
1. FSU & Clemson would pay an exit fee equal to what Texas & Oklahoma paid to exit the Big 12 + a %.
2. The ACC would retain the rights to FSU & Clemson home games BUT license those rights to the ESPN for SEC broadcasts.
3. The ACC receives 50% of the fair market (SEC) value of FSU & Clemson home games in both football & basketball. The % the ACC receives would decrease each year of the agreement.
4. ESPN would pick up the option on the ACC's contract until 2036, but would renegotiate terms to reflect the loss of value from losing FSU & Clemson.
5. The SEC - namely FSU & Clemson - would be contractually obligated to play a top tier ACC program each year.
My source tells me the details above are the initial - opening proposition and they will change slightly as negotiations change the details, but the basics will remain the same. The proposed settlement mitigates the damages to everyone. The ACC survives because ESPN picks up the option to 2036. But their losses will be offset by the % of the FSU & Clemson rights they retain.
** Edited by HokieAl at 4/11/2024, 10:55:23 AM
Thread Replies (33)
ESPN is a business, 2 ways to make more $, cut costs, & more revenue.
-- Stech
Apr 11, 2024 at 09:41 AM ET
Stech
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04/11/24 09:41 AM ET
As more and more move toward streaming,
-- Pylons
Apr 11, 2024 at 07:01 PM ET
Pylons
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04/11/24 07:01 PM ET
Good point, less & less, but many businesses people look backwards instead
-- Stech
Apr 11, 2024 at 07:50 PM ET
Stech
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04/11/24 07:50 PM ET
A question on markets and the BIG....why focus on big cities?
-- mjfhokie
Apr 12, 2024 at 11:07 AM ET
mjfhokie
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04/12/24 11:07 AM ET
Great questions & good assertions, I would just change the word B1G for Fox
-- Stech
Apr 12, 2024 at 12:49 PM ET
Stech
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04/12/24 12:49 PM ET
Yeah two different models, but both have the potential to work.**
-- Stech
Apr 12, 2024 at 02:27 PM ET
Stech
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04/12/24 02:27 PM ET
"What is the Math Path..." If you will indulge a few assumptions
-- 33laszlo99
Apr 11, 2024 at 03:50 PM ET
33laszlo99
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04/11/24 03:50 PM ET
Where are you getting the school numbers from? I have never seen VT below 5
-- Stech
Apr 11, 2024 at 04:44 PM ET
Stech
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04/11/24 04:44 PM ET
VT games are hidden on ACCN and streaming. Not reported in media.
-- 33laszlo99
Apr 11, 2024 at 04:49 PM ET
33laszlo99
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04/11/24 04:49 PM ET
Here are some notes for the charts:
-- 33laszlo99
Apr 11, 2024 at 04:04 PM ET
33laszlo99
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04/11/24 04:04 PM ET
I'm digging extensively into the media numbers
-- HokieAl
Apr 11, 2024 at 04:26 PM ET
HokieAl
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04/11/24 04:26 PM ET
If they pretend to know the number of 2 year olds watching...
-- mjfhokie
Apr 12, 2024 at 02:33 PM ET
mjfhokie
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04/12/24 02:33 PM ET
I always think it was a deal between 2 UNC alumni
-- DMV Gobbler
Apr 11, 2024 at 01:27 PM ET
DMV Gobbler
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04/11/24 01:27 PM ET
In a scant 40 or so years........
-- 2hhoop3
Apr 11, 2024 at 11:48 AM ET
2hhoop3
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04/11/24 11:48 AM ET
Your first sentence is so spot on**
-- Tailgate Guru
Apr 11, 2024 at 12:46 PM ET
Tailgate Guru
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04/11/24 12:46 PM ET
I wonder if FOX over paid for the Big 10, not so sure about the SEC, but
-- Big12 guy
Apr 11, 2024 at 10:58 AM ET
Big12 guy
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04/11/24 10:58 AM ET
I imagine that Fox and ESPN will set viewership records this year.
-- hokieZ71
Apr 12, 2024 at 07:56 AM ET
hokieZ71
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04/12/24 07:56 AM ET
In the short term, I think you are correct.
-- Big12 guy
Apr 12, 2024 at 08:28 AM ET
Big12 guy
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04/12/24 08:28 AM ET
Gambling now owns the networks, no such thing as overpaying
-- Vienna_Hokie
Apr 11, 2024 at 03:34 PM ET
Vienna_Hokie
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04/11/24 03:34 PM ET
I think we need to readjust our perspective on the money (at least I do)
-- HokieAl
Apr 11, 2024 at 01:08 PM ET
HokieAl
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04/11/24 01:08 PM ET
It may pencil out, but as we
-- Big12 guy
Apr 11, 2024 at 03:47 PM ET
Big12 guy
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04/11/24 03:47 PM ET
There are overpaid and underpaid programs as much as there are conferences.
-- Maroon Baboon
Apr 11, 2024 at 11:17 AM ET
Maroon Baboon
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04/11/24 11:17 AM ET
ESPN has spent decades positioning the SEC as a premium product.
-- hokieball
Apr 11, 2024 at 10:51 AM ET
hokieball
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04/11/24 10:51 AM ET
Let’s say that’s right, does the bump in being in the SEC, but paying more
-- Stech
Apr 11, 2024 at 11:41 AM ET
Stech
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04/11/24 11:41 AM ET
ESPN does have a sweetheart deal with the ACC. However, WRT the header of
-- VTHokie2000
Apr 11, 2024 at 10:49 AM ET
VTHokie2000
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04/11/24 10:49 AM ET
There was a post about this today actually (B12 person FYI)
◄
-- HokieAl
Apr 11, 2024 at 10:44 AM ET
HokieAl
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04/11/24 10:44 AM ET
Tell your friend to put the bottle down, then brew him some java.**
-- 33laszlo99
Apr 11, 2024 at 04:14 PM ET
33laszlo99
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04/11/24 04:14 PM ET
I don’t see ESPN making more money in this scenario, why pay more for FSU &
-- Stech
Apr 11, 2024 at 11:46 AM ET
Stech
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04/11/24 11:46 AM ET
I agree, ESPN will accept whatever situation results from this realignment
-- 33laszlo99
Apr 11, 2024 at 04:22 PM ET
33laszlo99
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04/11/24 04:22 PM ET
Not a good deal for the ACC IMO.
-- Maroon Baboon
Apr 11, 2024 at 11:35 AM ET
Maroon Baboon
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04/11/24 11:35 AM ET
So ESPN is speaking for the SEC now?
-- Marooned
Apr 11, 2024 at 11:08 AM ET
Marooned
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04/11/24 11:08 AM ET
Nothing to see here....move along**
-- Maroon Unit
Apr 11, 2024 at 12:38 PM ET
Maroon Unit
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04/11/24 12:38 PM ET