Spence wrote:1/2 billion is a pretty significant penalty.
We there is that but……….
“The ACC Grant of Rights runs through 2036, but its current TV deal only goes until 2027
This is also a huge deal — and probably one the ACC didn’t want revealed.
The conference holds a Grant of Rights with its member schools through 2036 despite the fact its current media deal with ESPN only goes until 2027. ESPN does have a “unilateral right” to exercise a nine-year option on their deal with the ACC, but as of now that means there is no guaranteed media revenue after the next three seasons.
Florida State is, understandably, furious about this.
Arguably the most notable revelation from Friday’s meeting is just how closely guarded the deal actually is. Per FSU, the school is not able to obtain a copy on its own. In fact, only one copy exists. It’s at ACC headquarters in Charlotte, North Carolina and those who do view it are not allowed to take pictures or compile handwritten notes.”
