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The Atlantic Coast Conference, Clemson and Florida State have reached a proposed settlement that would end their legal fight and change the league’s revenue-distribution model, a person familiar with the situation said.
The person spoke to The Associated Press on condition of anonymity because neither the league nor the schools have publicly addressed the settlement, which requires all three to formally approve.
Trustees at Clemson and Florida State have each scheduled meetings. The FSU meeting specifically lists lawsuits involving the ACC on the agenda, while the Clemson meeting agenda refers to settling “athletic litigations.”
The ACC’s Board of Directors – made up of university presidents and chancellors – will also hold a call to sign off on the settlement during a previously scheduled meeting, the person who spoke to AP said.
If approved, the settlement would incorporate viewership ratings into revenue distribution among member schools, which would increase payouts to schools generating the most TV interest. The upside could be $15 million or more for top-earning schools, while it could also result in a decline of about $7 million for others, the person told the AP.
Still, it would offer another sign of stability in the immediate term for the ACC and Commissioner Jim Phillips, who has spent much of his four-year tenure working to find ways to enhance revenue as the league faces an increasing gap behind the Big Ten and Southeastern conferences.
The settlement comes roughly a month after ESPN exercised its option to extend its media base-rights agreement with the league through 2036, aligning that deal with a separate one that covers their partnership for the ACC Network through that same period.
It also comes in the first year of a Phillips-championed “success initiative” that allows schools to keep…
Source link : https://sports.yahoo.com/article/report-acc-fsu-clemson-reach-185012544.html
Author : NBC Sports
Publish date : 2025-03-03 18:50:00
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