You have it exactly backwards. FSUs media rights belong to the ACC. It's why it is called the acc grant of rights, not the espn grant of rights. It's why fsu is suing the acc, not espn. That was the whole point of the GOR after Maryland left. If an ACC team leaves for another conference, the acc still gets media revenue from all home games through 2036. In 2027, Espn has the option to extend the tv deal through 2036. If espn doesn't pick up the option, the acc still owns the home game media rights of all acc teams through 2036.
ACC signed the tv deal with espn on behalf of all the teams, which granted the acc the right to negotiate the media deal (hence the term "grant of rights) . Acc says it values FSUs media rights through 2036 at 572 million, which belongs to the conference. The teams that want to leave will have to negotiate that price with the acc. Separate from that is the exit penalty, which is estimated at $130 million (3 times operating fees, that is phrase written in the GOR, not a set amount of 120 or 130 million). That's what the acc pays to espn for an acc team exiting the conference. All the rest, the 572 million, goes to the ACC.you are incorrect!
You have it exactly backwards. FSUs media rights belong to the ACC. It's why it is called the acc grant of rights, not the espn grant of rights. It's why fsu is suing the acc, not espn. That was the whole point of the GOR after Maryland left. If an ACC team leaves for another conference, the acc still gets media revenue from all home games through 2036. In 2027, Espn has the option to extend the tv deal through 2036. If espn doesn't pick up the option, the acc still owns the home game media rights of all acc teams through 2036.
ACC signed the tv deal with espn on behalf of all the teams, which granted the acc the right to negotiate the media deal (hence the term "grant of rights) . Acc says it values FSUs media rights through 2036 at 572 million, which belongs to the conference. The teams that want to leave will have to negotiate that price with the acc. Separate from that is the exit penalty, which is estimated at $130 million (3 times operating fees, that is phrase written in the GOR, not a set amount of 120 or 130 million). That's what the acc pays to espn for an acc team exiting the conference. All the rest, the 572 million, goes to the ACC.
you are incorrect across the board. ESPN was granted the rights by the ACC and owns them. The question is for how long - goal is to have it confirmed that the GOR is concurrent with the existing ESPN contract through 2027.