Hash #97: ACC Settlement
The Atlantic Coast Conference (ACC), along with member universities Florida State (FSU) and Clemson, have reached a settlement to resolve ongoing legal disputes, leading to significant changes in revenue distribution and exit fee structures.
Key Developments:
🤝 Settlement Reached: FSU and Clemson have agreed to dismiss their lawsuits against the ACC, solidifying their commitment to remain full members of the conference.
💰 Revised Revenue Distribution: A new model allocates 40% of media revenue equally among ACC schools, with the remaining 60% distributed based on television viewership over the past five years. This change allows top-performing programs like FSU and Clemson to potentially earn up to $15 million more annually, while schools with lower viewership may see reductions of approximately $7 million.
🚪 Adjusted Exit Fees: The settlement outlines a decreasing exit fee structure for schools wishing to leave the ACC before the media rights agreement expires in 2036. Starting at $165 million for the 2025-26 season, the fee decreases by $18 million annually, leveling off at $75 million by the 2030-31 season.
These developments aim to stabilize the ACC and address financial disparities among member institutions, ensuring a more equitable distribution of resources and clearer guidelines for potential conference realignment.
https://frontofficesports.com/fsu-clemson-acc-settlement-lawsuits/
https://frontofficesports.com/acc-fsu-clemson-exit-fee-settlement/
https://apnews.com/article/acc-clemson-florida-state-settlement-ff0e963f64e06664c9dc7db18958f1e6