the Polo Grounds

Back to the forum index
Open in thread

deal will go to 2026-27

by Jay ?, San Diego, Monday, April 22, 2013, 11:12 @ Chris

http://www.cbssports.com/collegefootball/blog/jeremy-fowler/22116192/acc-approving-gran...

ACC eyeing Grant of Rights deal
April 22, 2013 1:36 pm ET

Goodbye $50 million exit fee?

The ACC is expected to announce a Grant of Rights agreement among its 15 members as early to today, CBSSports.com has learned.

ACC presidents are in the process of clearing this with their departments. The agreement will go to 2026-27, the duration of the league's contract with ESPN. The deal is not official just yet but, barring an unforseen snag, will be completed.

Unless a league member decides to go to litigation to escape this down the road, the ACC believes a Grant of Rights will protect it from conference realignment poachers.

The North Carolina-based David Glenn Show reported the news Monday afternoon.

A Grand of Rights, in basic form, is written permission from league members to relinquish control of television rights to the league for the duration of the deal. There's a correlation between the GOR and the ACC's push for a 24-hour channel that would mirror the format of the Big Ten, SEC and Pac-12.

The league is evaluating the viability of a channel with ESPN, which is gathering info and will get back to the league soon. From what I'm told, league members are encouraged about those talks so far.

I'm not yet sure what the GOR means for the ACC's lawsuit with Big Ten-bound Maryland over the $50 million exit fee the league put in place last year. Maryland and Florida State were the only league members to vote against the exit fee.

Considering inflation would only devalue that exit fee in the coming years, a GOR is a sound move by a league that feels its portfolio is stronger than given credit for in the realignment game.

The ACC is on the lower end of the power-conference revenue structure, to be sure. But its model -- $17.1 million per team in media rights value, plus a Notre Dame kick of $1 million plus per school and the potential for more via the ACC channel -- isn't exactly broken.

The Big 12 was the last conference to implement a Grant of Rights. SEC schools can leave that conference whenever they want, but they aren't doing that any time soon.

Tags:
ACC

locked
  525 views

Complete thread:

 

374412 Postings in 32687 Threads, 204 registered users, 41 users online (0 registered, 41 guests)
Contact
powered by my little forum