ACC ded

Adjusted revenue distribution plan expected for ACC
ACC commissioner Jim Phillips answers a question during a news conference at the ACC media days in Charlotte, N.C., Wednesday, July 20, 2022. (AP Photo/Nell Redmond)

Caption
Credit: AP

GEORGIA TECH
By Ken Sugiura, The Atlanta Journal-Constitution
15 minutes ago

In 2011, when the ACC faced the possibility of splintering, the conference held together when several presidents of member schools committed to each other to stick together. One ultimate result of their bond was the conference’s grant-of-rights agreement that has been credited with keeping the conference together in the years since it was signed in 2013 and updated in 2016.

“Several of the presidents got together, and we agreed that if we stuck together, the ACC would survive and, in fact, could thrive,” former Georgia Tech President G.P. “Bud” Peterson said in an interview with The Atlanta Journal-Constitution in 2022.

To whatever degree the 15-member conference faced the possibility of fracture in recent months, order appears to have been restored again at the conference’s annual spring meetings this week in Amelia Island, Florida. This time, it was resolved after officials from several schools again bound themselves to each other, but this time as they considered their exit options.

This year’s meetings were held following reports from Sports Illustrated and Action Network that seven conference members – Clemson, Florida State, Miami, North Carolina, N.C. State, Virginia and Virginia Tech – met with their lawyers to examine how unbreakable the grant of rights actually is.
One conclusion – evidently pretty unbreakable. A school that leaves the ACC would be required to pay an exit fee of about $120 million and forfeit the broadcast rights to its home games. The agreement appears to remain quite watertight.

And as school and conference officials departed the Ritz-Carlton – including Georgia Tech athletic director J Batt – the ACC remained intact.
“What I’ve been told is we’re all in this thing together, emphatically,” ACC commissioner Jim Phillips told media at the conclusion of the meetings Wednesday. “We believe in the ACC, we believe in where we’re going and we want to continue to work together.”

Of course, the healthiest and strongest unions don’t require public affirmations of their commitment. And Phillips and others downplayed the implications of member schools examining the integrity of the document that binds them together. Phillips said that it was not news to him that these discussions were taking place.

In the seismic environment of major college athletics, it does behoove each school to consider its alternatives, including Georgia Tech, though it evidently was not a part of the group now known in ACC circles as “the Magnificent 7.”

“It’s not a warning sign, to me, from the standpoint of something bad may happen,” Phillips said. “These are schools that are under a lot of stress and a lot of pressures. I understand that, I really do.”

Regardless, the league is moving toward an adjustment of its revenue distribution. To this point, money received by the conference, mostly from its contract with ESPN, has been shared equally. One possibility is rewarding teams that qualify for the College Football Playoff and the NCAA men’s basketball tournament.

At least from one perspective, it would be a concession to the saber rattling performed by the likes of Florida State athletic director Michael Alford and other colleagues who warned that the league could not continue competing with the SEC and Big Ten with conference revenue distributions as much as $30 million less than those conferences (on a per-school basis). From another viewpoint, it could be considered an added incentive for the league’s teams to increase their level of competitiveness.

In an ESPN report, Alford said that the “success initiatives” could be worth more than $10 million annually.

“The ADs and the universities are very unified,” Alford said in a reversal of his stance after the conference’s winter meetings. “So we’re thrilled about being in this league, and we want to stay in it.”

In hindsight, it’s not likely that schools were going to leave the ACC at this time, and the social-media speculation that ran amok about which school was headed to which conference was unwarranted. As has been noted, if the grant of rights were breakable, it likely would have happened by this point. That said, though, it became clear that the gripes were many.

“If you’re going to get to an end result, then along the road you’re going to have some of these bumps, and you’re going to have some of these things that you have to work through,” Phillips said.

So a conference that, despite its financial shortcomings, has managed to send Clemson to the CFP six times in the event’s nine years and in the past five NCAA men’s basketball tournaments has had more Final Four appearances (four) than the Big Ten and SEC combined (three) will move forward.

And, almost certainly, the same concerns will be revisited again.

“We’ve followed it for 100 years – there’s been conference expansion and retraction and schools moving from one conference to the next,” Phillips said. “I don’t think that changes.”
 
Here's a novel idea. $ goes to the winners and it's not divided up like some socialist utopia. I get it. I would also love to see the 2 Big conferences blown up and go back to the original power 5 (or 6). Base them on region and coinciding TV contracts. Again, if you don't win that year, you get a smaller piece of the pie. You get some $$ but it's not equal. If we won the National Championship I'd certainly want GT to get a larger part of the revenue that we bring in TV wise. Schools like Texas, Oklahoma, Texas A&M, etc started this crap. USC and UCLA going to the Big is asinine. Re-align the Big 12 like it was before with Colorado, Nebraska, etc. It made college football interesting. While we're at it, kill the NIL and allow only 2 transfers per player over their eligibility unless they graduate and still have eligibility left.
 
Supersize that order mutt said:
Adjusted revenue distribution plan expected for ACC
ACC commissioner Jim Phillips answers a question during a news conference at the ACC media days in Charlotte, N.C., Wednesday, July 20, 2022. (AP Photo/Nell Redmond)

Caption
Credit: AP

GEORGIA TECH
By Ken Sugiura, The Atlanta Journal-Constitution
15 minutes ago

In 2011, when the ACC faced the possibility of splintering, the conference held together when several presidents of member schools committed to each other to stick together. One ultimate result of their bond was the conference’s grant-of-rights agreement that has been credited with keeping the conference together in the years since it was signed in 2013 and updated in 2016.

“Several of the presidents got together, and we agreed that if we stuck together, the ACC would survive and, in fact, could thrive,” former Georgia Tech President G.P. “Bud” Peterson said in an interview with The Atlanta Journal-Constitution in 2022.

To whatever degree the 15-member conference faced the possibility of fracture in recent months, order appears to have been restored again at the conference’s annual spring meetings this week in Amelia Island, Florida. This time, it was resolved after officials from several schools again bound themselves to each other, but this time as they considered their exit options.

This year’s meetings were held following reports from Sports Illustrated and Action Network that seven conference members – Clemson, Florida State, Miami, North Carolina, N.C. State, Virginia and Virginia Tech – met with their lawyers to examine how unbreakable the grant of rights actually is.
One conclusion – evidently pretty unbreakable. A school that leaves the ACC would be required to pay an exit fee of about $120 million and forfeit the broadcast rights to its home games. The agreement appears to remain quite watertight.

And as school and conference officials departed the Ritz-Carlton – including Georgia Tech athletic director J Batt – the ACC remained intact.
“What I’ve been told is we’re all in this thing together, emphatically,” ACC commissioner Jim Phillips told media at the conclusion of the meetings Wednesday. “We believe in the ACC, we believe in where we’re going and we want to continue to work together.”

Of course, the healthiest and strongest unions don’t require public affirmations of their commitment. And Phillips and others downplayed the implications of member schools examining the integrity of the document that binds them together. Phillips said that it was not news to him that these discussions were taking place.

In the seismic environment of major college athletics, it does behoove each school to consider its alternatives, including Georgia Tech, though it evidently was not a part of the group now known in ACC circles as “the Magnificent 7.”

“It’s not a warning sign, to me, from the standpoint of something bad may happen,” Phillips said. “These are schools that are under a lot of stress and a lot of pressures. I understand that, I really do.”

Regardless, the league is moving toward an adjustment of its revenue distribution. To this point, money received by the conference, mostly from its contract with ESPN, has been shared equally. One possibility is rewarding teams that qualify for the College Football Playoff and the NCAA men’s basketball tournament.

At least from one perspective, it would be a concession to the saber rattling performed by the likes of Florida State athletic director Michael Alford and other colleagues who warned that the league could not continue competing with the SEC and Big Ten with conference revenue distributions as much as $30 million less than those conferences (on a per-school basis). From another viewpoint, it could be considered an added incentive for the league’s teams to increase their level of competitiveness.

In an ESPN report, Alford said that the “success initiatives” could be worth more than $10 million annually.

“The ADs and the universities are very unified,” Alford said in a reversal of his stance after the conference’s winter meetings. “So we’re thrilled about being in this league, and we want to stay in it.”

In hindsight, it’s not likely that schools were going to leave the ACC at this time, and the social-media speculation that ran amok about which school was headed to which conference was unwarranted. As has been noted, if the grant of rights were breakable, it likely would have happened by this point. That said, though, it became clear that the gripes were many.

“If you’re going to get to an end result, then along the road you’re going to have some of these bumps, and you’re going to have some of these things that you have to work through,” Phillips said.

So a conference that, despite its financial shortcomings, has managed to send Clemson to the CFP six times in the event’s nine years and in the past five NCAA men’s basketball tournaments has had more Final Four appearances (four) than the Big Ten and SEC combined (three) will move forward.

And, almost certainly, the same concerns will be revisited again.

“We’ve followed it for 100 years – there’s been conference expansion and retraction and schools moving from one conference to the next,” Phillips said. “I don’t think that changes.”
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Can I get a 2 sentence summary? I’m not trying to read all that.
 
TL;DR: The ACC is dead. Just a matter of time now.

The adjusted revenue distribution plan should be used by GT to get out with a negotiated penalty. That's not what we signed up for when we agreed to the GOR, it's a material breach. Sue us. Let's drag it out in the courts until the ACC actually falls apart and the lawsuit becomes moot. Get this shit over with, and be the first to make a move.

Well, second to make a move, after Maryland was the smartest of these fools a few years ago.
 
gt9589 said:
Here's a novel idea. $ goes to the winners and it's not divided up like some socialist utopia. I get it. I would also love to see the 2 Big conferences blown up and go back to the original power 5 (or 6). Base them on region and coinciding TV contracts. Again, if you don't win that year, you get a smaller piece of the pie. You get some $$ but it's not equal. If we won the National Championship I'd certainly want GT to get a larger part of the revenue that we bring in TV wise. Schools like Texas, Oklahoma, Texas A&M, etc started this crap. USC and UCLA going to the Big is asinine. Re-align the Big 12 like it was before with Colorado, Nebraska, etc. It made college football interesting. While we're at it, kill the NIL and allow only 2 transfers per player over their eligibility unless they graduate and still have eligibility left.
Click to expand...

Except how much money you get that year will influence how much you might win the coming years. Unequal revenue distribution based on wins has a high chance of just taking whatever the state of programs are when it's enacted and enshrining them.

CarsonNewmanJacket said:
Can I get a 2 sentence summary? I’m not trying to read all that.
Click to expand...
The ACC killed itself when it signed a mediocre TV contract with a stupidly long duration. The rest is just the noise of death rattles.
 
Supersize that order mutt said:
Adjusted revenue distribution plan expected for ACC
One conclusion – evidently pretty unbreakable. A school that leaves the ACC would be required to pay an exit fee of about $120 million and forfeit the broadcast rights to its home games. The agreement appears to remain quite watertight.
Click to expand...

If it is truly unbreakable and the ACC isn't going anywhere, then the ACC would have no reason to change their revenue distribution plan. If they do and these words aren't just full of shit, then it's because either there is a real threat of enough teams voting to disband the conference (which wouldn't per se break the grant of rights) or the ACC is afraid of not having a competitive top team so they're going to bleed the other programs to prop someone up.
 
CarsonNewmanJacket said:
Can I get a 2 sentence summary? I’m not trying to read all that.
Click to expand...

Grant of rights ironclad. For some reason the author thinks that gives a minority of schools the leverage to get a bigger slice of the pie.

Unequal revenue makes less sense than having schools leave. Get 4 teams to leave and you have probably cleared most of the funding difference with the SEC.

ACC still ded, but the first two or three teams out will probably get screwed.
 
WracerX said:
Grant of rights ironclad. For some reason the author thinks that gives a minority of schools the leverage to get a bigger slice of the pie.

Unequal revenue makes less sense than having schools leave. Get 4 teams to leave and you have probably cleared most of the funding difference with the SEC.

ACC still ded, but the first two or three teams out will probably get screwed.
Click to expand...
Ummmm I don’t think ESPN is going to make the same payout to the ACC if a quarter of the teams - the 4 highest revenue generators - leave.
 
BuzzLaw said:
10 pages in and we’re where we were last year: all ACC schools have signed a suicide pact and we are holding each other to it.
Click to expand...
Not entirely true. We now know it's likely that we're going to turn to heroin to make part a part of us feel better right now even if it kills us sooner.
 
$120 million and forfeiting the broadcast rights to home games seems a pretty good deal right now.

If we can get 120 Stingtalkers to each write a check for $1 million each to the ACC, that part would be done. Next, you figure out the legal loophole in the broadcast rights. Good lawyers would probably be able to bring this home.
 
Great news, FSU & Co. are still going to blow up the conference… now it just becomes easier for the leftovers to join them. The same thing that happened to the Big East is happening to the ACC. At least the leftovers can leverage their lower payouts to cause more instability now.
 
GTLiebs said:
The ACC killed itself when it signed a mediocre TV contract with a stupidly long duration. The rest is just the noise of death rattles.
Click to expand...

The only reason the ACC still exists in its current state is that contract with the long duration. It's functioning as intended.

If the schools wanted to be in the ACC and it was just the television contract that was making people upset, we could renegotiate it. The reason we're not renegotiating is that renegotiating requires voting to dissolve that contract and as soon as that happens a bunch of schools will bolt rather than negotiate a better contract.
 
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