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Separate the two transactions. Exit fee is going to happen either full
rate or negotiated settlement. Doesn't matter, just accept that it will get done and look to the next issue: GoR.
FSU has left the conference. There are now 13 members plus ND. The media contract, as far as we know, is not affected. We now divide the annual payout by fewer schools, so everyone gets a couple extra millions.
FSU demands the return of their media rights. ACC respectfully declines.
FSU files suit asking for return of the rights or compensation from the conference for keeping them.
FSU will offer (made-up figure) $250 million to the conference for return of the rights. Here is where message board rhetoric diverges from university presidents' decisions. Angry posters see only one possible course; let FSU sit out there and starve. Serves 'em right. Uni presidents hear "Did they say $250 million?" Let's counter with $500 million. The negotiation is on. FSU's media rights can be used as a club with which to punish them for their betrayal, or used as an asset that they may not be able to monetize in any other way. If they don't take the offer their asset diminishes with each passing year and they will have wasted it. I think they will take the money. The emotional reaction of outsiders will not be a factor in this serious business decision. There will arguments that making the deal will incentivize other malcontents to jump. So be it.
Thread Replies (38)
About the dilution... Oregon and UW will receive LESS THAN full shares
-- TDVick
Aug 06, 2023 at 05:39 PM ET
TDVick
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08/06/23 05:39 PM ET
Agree, the 2030 date may be what the Big is waiting for
-- VTCALS72
Aug 07, 2023 at 09:34 AM ET
VTCALS72
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08/07/23 09:34 AM ET
$30M/year was the initial B1G offer. UO and UW held out for $40M/year
-- tarheelblue
Aug 06, 2023 at 07:35 PM ET
tarheelblue
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08/06/23 07:35 PM ET
Right. But even at $30 million, is that quite a bit more than they'd have
-- TDVick
Aug 07, 2023 at 07:22 AM ET
TDVick
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08/07/23 07:22 AM ET
So now you can see how the ACC might disband very soon, perhaps in the next
-- TDVick
Aug 06, 2023 at 05:43 PM ET
TDVick
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08/06/23 05:43 PM ET
Actually behind rhe scenes is important
-- Mercury
Aug 07, 2023 at 08:02 AM ET
Mercury
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08/07/23 08:02 AM ET
Good info. I didn't know that but it makes sense. People will be flying
-- TDVick
Aug 07, 2023 at 11:45 AM ET
TDVick
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08/07/23 11:45 AM ET
good things come to those who wait**
-- Windows NT
Aug 06, 2023 at 09:01 PM ET
Windows NT
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08/06/23 09:01 PM ET
What I see is there would be no financial incentive to leave before 2030.**
-- wwhokie1
Aug 06, 2023 at 07:56 PM ET
wwhokie1
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08/06/23 07:56 PM ET
Exactly, why pay $300m to break GoR and make $45m /yr if ACC pays $40m now?
-- Telionis
Aug 06, 2023 at 08:26 PM ET
Telionis
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08/06/23 08:26 PM ET
I've been saying, if the teams without a realistic invite to the SEC or BIG
-- Big12 guy
Aug 06, 2023 at 05:46 PM ET
Big12 guy
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08/06/23 05:46 PM ET
Does anyone know how many votes it takes to disband? This has been answered
-- TDVick
Aug 06, 2023 at 05:52 PM ET
TDVick
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08/06/23 05:52 PM ET
How many votes to amend or rescind the GOR? **
-- seekoHoG
Aug 06, 2023 at 08:15 PM ET
seekoHoG
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08/06/23 08:15 PM ET
So it's a nonstarter.
-- LonghornHokie
Aug 06, 2023 at 07:50 PM ET
LonghornHokie
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08/06/23 07:50 PM ET
I see it differently. The teams that will definitely get picked are FSU,
-- TDVick
Aug 07, 2023 at 07:13 AM ET
TDVick
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08/07/23 07:13 AM ET
One could get a spot in the Big XII. Might be worth it..
-- hokieZ71
Aug 06, 2023 at 08:01 PM ET
hokieZ71
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08/06/23 08:01 PM ET
A LOT of cash based on the ACC GOR. Take the money from FSU. **
-- Big12 guy
Aug 06, 2023 at 05:58 PM ET
Big12 guy
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08/06/23 05:58 PM ET
Not that much. You're missing the point. Let's say it takes 3/4 vote,
-- TDVick
Aug 06, 2023 at 06:10 PM ET
TDVick
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08/06/23 06:10 PM ET
No one's going to vote to dissolve the ACC so they can go to the Big 12**
-- wwhokie1
Aug 06, 2023 at 07:59 PM ET
wwhokie1
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08/06/23 07:59 PM ET
If they are getting money from FSU and Clemson they might. What is that
-- TDVick
Aug 07, 2023 at 07:15 AM ET
TDVick
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08/07/23 07:15 AM ET
They only get that money if they stay in the ACC**
-- wwhokie1
Aug 07, 2023 at 08:54 AM ET
wwhokie1
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08/07/23 08:54 AM ET
It's called a contingent contract. If you vote "YES" to disband and
-- TDVick
Aug 07, 2023 at 11:38 AM ET
TDVick
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08/07/23 11:38 AM ET
I get that, but what if the GOR isn't voted out, and a negotiated
-- Big12 guy
Aug 06, 2023 at 06:17 PM ET
Big12 guy
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08/06/23 06:17 PM ET
I doubt that ANYONE is going to pay $200 million.
-- TDVick
Aug 06, 2023 at 06:39 PM ET
TDVick
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08/06/23 06:39 PM ET
FSU would have to pay $300-$400M to leave on their own.
-- hokieZ71
Aug 06, 2023 at 07:21 PM ET
hokieZ71
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08/06/23 07:21 PM ET
And if it was offered at 200M, do you think they would pay it? **
-- Big12 guy
Aug 06, 2023 at 07:34 PM ET
Big12 guy
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08/06/23 07:34 PM ET
If the ACC only took $80M for GOR on top of the $120M early exit fee….
-- hokieZ71
Aug 06, 2023 at 08:09 PM ET
hokieZ71
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08/06/23 08:09 PM ET
Separate the two transactions. Exit fee is going to happen either full
◄
-- 33laszlo99
Aug 06, 2023 at 09:12 PM ET
33laszlo99
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08/06/23 09:12 PM ET
Hoop, ESPN does not pay media rights per school. They pay (reported) $240
-- 33laszlo99
Aug 06, 2023 at 09:50 PM ET
33laszlo99
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08/06/23 09:50 PM ET
Your verbs have slipped a little downstream.
-- 33laszlo99
Aug 06, 2023 at 10:20 PM ET
33laszlo99
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08/06/23 10:20 PM ET
That's just flat out wrong.......
-- 2hhoop3
Aug 06, 2023 at 10:40 PM ET
2hhoop3
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08/06/23 10:40 PM ET