$120M fee to leave the conference AND they still have your media rights
That means it will end up costing hundreds of millions of dollars for a team to leave the ACC. Doesn't seem likely unless they can negotiate a buyout or something. Quick math says that SEC teams currently make about $60M per year. 60M x 14 = $840M + $120M buyout = $960M dollars to leave the conference....
** Edited by VTStylez9 at 7/8/2022, 3:17:00 PM
Link:
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21 Replies
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daveinop
4y
I WAG'd $400 million the other day on another board. It's forgoing 14 years of conference distributions, whatever that figure is; plus the exit fee.
(In response to this post by VTStylez9)
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vtka93
4y
syracuse, BC, pitt, louisville and whatever other teams don't get offered a new conference (because 10 teams from the ACC are not getting spots) will never vote for it
(In response to this post by daveinop)
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daveinop
4y
one or two more "replaceable" teams out especially if they have time to line up the replacements. Schools split a couple hundred million in exit fees and don't lose any TV income. Might even be able to renegotiate with ESPN.
(In response to this post by vtka93)
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vtka93
4y
(In response to this post by daveinop)
4y
Who originally said 8 figures
Link:
$500M
(In response to this post by VTStylez9)
FSU, Mia, Clem, UNC, UVA, GT, Duke and VT/NCS/Lou/Pitt leave.....GOR =$0.00
(In response to this post by TabbHokie)
4y
Departing schools would essentially have to buy back their media rights from the ACC and ESPN if they wanted to be able to include them as part of their new conference's TV deal. Those aren't going to be let go of cheaply.
(In response to this post by TabbHokie)
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vtka93
4y
that would be on the generous side to let teams leave considering their tv rights are about to go to 80-100 mill a year
** Edited by vtka93 at 7/8/2022, 4:58:11 PM
(In response to this post by TabbHokie)
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hokieZ71
4y
That’s the value of our current deal ESPN each year, right? Even if our ESPN deal
Drops $10M a year we are still Coming out to the good. So solid money in the short term. Make it count. Hire that $3M/year offensive coordinator. Hire 10 extra analysts. Don’t bank it or bury it.
Show you’re willing to do what it takes to win a lesser ACC and put out a good product. Wins put butts in the seat and open the checkbooks. There is probably one more shift in the landscape after this one so do what’s necessary to be a part of it.
(In response to this post by TabbHokie)
4y
They would still be the ones getting paid for them. Meaning the ACC wouldn't pay the exiting school its share, keeping it instead. Not the school getting paid its new conference's media revenue then turning around and having to pay the ACC. I think it's meant as a deterrent to other conferences knowing you won't get that school's media market until the grant of rights is up.
** Edited by hokieball at 7/8/2022, 3:33:27 PM
** Edited by hokieball at 7/8/2022, 3:40:36 PM
(In response to this post by VTStylez9)
4y
per year in media rights from the SEC ESPN deal, that $80M goes to the ACC because they own the media rights. This occurs ever year until 2036. Cumulatively in excess of $1B. It will bankrupt an AD.
Parallel to this ESPN may want to renegotiate the ACC media deal given the departure of a key school, which will reduce the annual payout. But it won't be close to what the new money is so it will be a significant net positive the ACC.
** Edited by 133743Hokie at 7/8/2022, 7:07:25 PM
(In response to this post by hokieball)
4y
(In response to this post by hokieball)
4y
(In response to this post by VTStylez9)
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vtka93
4y
(In response to this post by Jeffrey4VT)
4y
member schools together in a common cause and discourage any member from leaving.
And as that SEC media fee increases so does the amount owed to the ACC. In total will be well in excess of $1B by the time it's over.
** Edited by 133743Hokie at 7/8/2022, 3:28:30 PM
(In response to this post by VTStylez9)