One major issue is the validity of the extension option. The OPTION to extend the media agreement that ends on June 30, 2027 expired on January 1, 2021. Phillips unilaterally granted ESPN a new option to extend ... without the required 2/3 member approval ... on August 1, 2021, a full 7 months AFTER the original option expired. Both Clemson and FSU are taking the position that the unapproved option is invalid, and since the GOR is SPECIFICALLY TIED TO THE ESPN MEDIA AGREEMENT, it also ends on June 30, 2027. Any action to extend would require a). A new member approval and b). A new GOR.I wonder if ESPN actually intends to renew. I know "its cheaper, so why wouldn't they?" is the go to answer for a lot of people. But if they exercise that option, they'd be tanking the value of their own product. All the teams in the ACC would be at a significant competitive disadvantage for the next decade, hurting ratings in the process. The fallout would last much longer. The financial gap would likely bleed into other sports too. Like basketball programs of the golden children Duke and UNC.
So in the end.. wouldn't ESPN be hurting themselves by exercising the option? Especially now that its under a microscope. There'd be a lot of backlash.
Both Clemson and FSU are taking the position that "worst case" we are out with no media buyback and a drastically reduced exit fee for the 2027 season. That would also apply to any other member that wishes to leave the ACC.