NFL News NFL News, Reports and Updates
The Atlantic Coast Conference, Clemson and Florida State have approved a settlement that would end their legal fights, change the league’s revenue-distribution model and revise the long-term costs for a school to leave the conference.
Trustees at Clemson and FSU both signed off on the deal in meetings. That came shortly after the ACC’s Board of Directors — made up of university presidents and chancellors — gave its OK, a person familiar with the situation told The Associated Press on condition of anonymity because the league and schools had not publicly addressed the settlement at the time.
Most notably, the revenue-distribution model now will incorporate TV viewership as a way for the league’s top programs to generate more revenue. It also provides a clarity on the league’s exit fee and grant-of-rights agreement that runs through the ACC’s TV deal through 2036.
Specifically, a slideshow during a presentation to Clemson’s trustees reported the exit fee would be $165 million for the 2026 fiscal year, but would descend by $18 million per year until leveling off around $75 million for the 2030-31 season. While a grant-of-rights agreement gives the league control of a school’s media rights, the deal would allow a school to exit with its media rights after paying the exit fee, according to that presentation.
The agreement offers a measure of stability for the league in the coming years, though with the longer-term risk of teams potentially deciding to leave in the final years of the current media deal in a time of rapid changes to the college landscape.
“At the end of the day, this innovative distribution model which further incentivizes performance and investment will help strengthen the ACC,” Clemson athletic director Graham Neff told trustees before the vote. “A strong ACC is good for Clemson. And…
Source link : https://sports.yahoo.com/article/acc-clemson-florida-state-approve-185800398.html
Author : NBC Sports
Publish date : 2025-03-04 18:58:00
Copyright for syndicated content belongs to the linked Source.
