This is where you have to differentiate between pretend internet lawyers and real lawyers. From espn’s perspective, It’s irrelevant whether the bylaws were being followed, unless they should have had a clear understanding that Swofford didn’t have authority. There was no false basis from espns perspective. ESPN has signed similar tv deals a bunch of times dealing with other conference commissioner, there was no reason to things were different this time. One would think that upon being told the commissioner had negotiated an extension as widely reported in the media, some ACC school would have asked questions. None did because they thought they had a great deal at the time.
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Let’s say you go to buy a fancy minivan (msrp is 59k) and you are talking to a salesman -and you say I’m not paying a dollar more than $50,000 plus I want free floormats. And also I want a free extended 10 year warranty . And that cookie on your desk. The salesman says “I need to talk to my manager". He just goes into the bathroom instead, takes a dump and says "My manager agreed, let’s sign the paperwork. You sign it and drive off.
Then you get a call from the manager saying the salesman didn’t have authority to give you free floor mats and the warranty. You need to bring it back or the contract is void. No court of law would back the dealership. You relied on the apparent authority of the salesman. It’s not your job to go knock the managers door to make sure it’s kosher. If the dealership wants to get out of the warranty, they can try to pay you off, but otherwise they are on the hook and the minivan is yours. Whether Swofford broke bylaws is an internal ACC problem, but even if he did, it doesn’t automatically void espns media deal with the ACC teams. And even if the teams try to get clever and dissolve the conference, the deal still binds the ACC teams because you can’t get out of legal obligations simply by changing company names.
The end game is Either ESPN allows teams to change conferences to espn affiliates Big12/SEC (because it makes espn more money) or it tells the ACC its keeping the deal and you have lots of angry teams chirping about how espn sucks. Most likely COA- and you can take THIS to the bank, is a settlement with extra money to top teams (very unequal distro but that’s still better for the bad teams who would be G5 otherwise ) and extension to 2030. Then UM to B1G after that.