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re: FSU penalty for leaving ACC early is $572 million
Posted on 12/22/23 at 2:58 pm to CarolinaGamecock99
Posted on 12/22/23 at 2:58 pm to CarolinaGamecock99
I watched the hour long trustee meeting with that attorney highlighting a few things from the complaint they are filing today. He makes some pretty damn good points. Granted, that's only FSU's attorney's side of the story... but this is more than just FSU getting out of the ACC, if FSU wins even some of the complaints, it could be the end of the ACC.
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Posted on 12/22/23 at 3:01 pm to deeprig9
Particularly, the language in the contract and Florida law regarding fiduciary responsibility. If you sign a contract with Bernie Madoff and send him 100,000 to invest in his hedge fund, and he loses all your money, the old "well you signed the contract" doesn't hold up if you can show Bernie fricked around and didn't hold up his end of the bargain.
Posted on 12/22/23 at 3:03 pm to TXnole
Welcome. The FSU hatred is strong here. But a good place for college sports talk
Posted on 12/22/23 at 3:05 pm to deeprig9
Another interesting point is that the ACC GoR contract is under lock and key, no actual official copies of it exist publicly. The FSU lawyers had to go to the ACC office and view it under supervision with no copies allowed, no pictures allowed, and no dictations allowed. Getting this suit filed today will change that, and the ACC will have to publish it.
I wonder what crazy shite might be in the document that the ACC so desperately wants to hide.
I wonder what crazy shite might be in the document that the ACC so desperately wants to hide.
Posted on 12/22/23 at 3:07 pm to deeprig9
There might even be criminal elements- under Florida's Sunshine law, having a multi-million dollar contract with a state institution and concealing it could be a problem.
Posted on 12/22/23 at 3:08 pm to deeprig9
This is what is so amazing. The ACC has a single copy under lock and key. Acting all Vatican and shite.
Posted on 12/22/23 at 3:09 pm to deeprig9
quote:
Another interesting point is that the ACC GoR contract is under lock and key, no actual official copies of it exist publicly. The FSU lawyers had to go to the ACC office and view it under supervision with no copies allowed, no pictures allowed, and no dictations allowed. Getting this suit filed today will change that, and the ACC will have to publish it.
This is insane, I can't imagine any institution that would sign a contract that they don't get a copy of, especially at this level.
Posted on 12/22/23 at 3:10 pm to deeprig9
It baffles me why they would sign such an (apparently) open ended contract. I'm no lawyer but it will be hard to prove some sort of malfeasance by the conference as opposed to just poor decision making with their TV contracts.
Interestingly, one of their complaints in the article I read was that the committee leaving them out was an indication of the low regard they had for the ACC.
Interestingly, one of their complaints in the article I read was that the committee leaving them out was an indication of the low regard they had for the ACC.
quote:
The lawsuit states that the "stunning exclusion of the ACC’s undefeated football champion from the 2023-2024 College Football Playoff ("CFP") in deference to two one-loss teams from two competing Power Four conferences crystalized the years of failures by the ACC to fulfill its most fundamental commitments to FLORIDA STATE and its members."
Posted on 12/22/23 at 3:34 pm to CarolinaGamecock99
The ACC doesn’t need a tv deal, if Florida State pays half a billion to leave. That cannot be the right number.
Posted on 12/22/23 at 3:45 pm to deeprig9
quote:
Another interesting point is that the ACC GoR contract is under lock and key, no actual official copies of it exist publicly.
Probably to help prevent loop hole hunting
Less apt to find a way out of a contract if you can't read it and particularly, if you can't have your own copy so your lawyers can look at it
Posted on 12/22/23 at 3:53 pm to geauxnavybeatbama
Posted on 12/22/23 at 4:07 pm to dstone12
quote:
The ACC doesn’t need a tv deal, if Florida State pays half a billion to leave. That cannot be the right number.
It’s an estimate. If FSU left for another conference, whatever their tv revenue is from that conference will go to the ACC. So it includes that 131M plus an estimated amount it would make from the new conferences tv deal.
Posted on 12/22/23 at 4:50 pm to LouisvilleKat
quote:
LouisvilleKat
Moron
Posted on 12/22/23 at 5:54 pm to deeprig9
I was listening to Sirius full ride and they made some good points supporting possible legal action. I understand wanting to leave ACC but where is the landing spot. Only B1G or SEC could offset some of those costs. At some point those conferences can only take so many schools before it becomes a completely separate entity or league. Do those outside SEC or B1G get relegated to another designation or go independent? Or do remnants from ACC, BIG 12, PAC 12 consolidate to form a 3rd conference? How does all this affect sports outside football?
Posted on 12/22/23 at 6:13 pm to CarolinaGamecock99
https://www.chantrant.com/2012/05/can-john-swofford-throw-a-hail-mary-to-keep-fsu-and-save-the-acc.html
it's always been the "North Carolina Conference" - we've been telling everyone since 1971 - FSU is screwed - they had their chance to bolt to the B12 before they willingly signed Swofford's GoR Kiss of Death =
quote:
May 22, 2012
The clock is ticking down. The game is on the line. And the ACC's signal caller, John Swofford is...what?
Drawing a play in the dirt that will stun the college football world and keep the league from becoming a chummy little club of basketball elites once again? Or is he doing that deer in the headlights thing, kicking back in Greensboro like Nero while Rome burned?
IF the Big 12 and FSU, Clemson and perhaps other ACC schools are in super secret negotiations, then Swofford is in the hot seat as much as any underachieving head coach.
Act swiftly and decisively to solve some major issues shared by FSU and the prominent football schools and you're a hero. Or, put more bluntly, it's time to earn that $1.5 million per paycheck*, John (the second highest salary of any conference commissioner).
it's always been the "North Carolina Conference" - we've been telling everyone since 1971 - FSU is screwed - they had their chance to bolt to the B12 before they willingly signed Swofford's GoR Kiss of Death =
Posted on 12/22/23 at 6:27 pm to Arktigers
Fsu has a landing spot. No chance they're doing this without a landing spot.
Posted on 12/22/23 at 6:27 pm to GaryGator
quote:
They're unconcerned, surely they can come up with that money.
Will that give Florida limelight away to FSU?
Posted on 12/22/23 at 6:32 pm to 1801
Thanks for sharing. I don’t follow ACC so don’t know much about the situation. Interesting that folks were reading the tea leaves when SEC and B1G initially expanded.
Posted on 12/22/23 at 6:39 pm to bamabaseballsec
I’m sure they do. But at some point there is only so many teams a conference can take before they become their own league. It’s seems B1G and SEC are becoming the NFC and AFC.
Posted on 12/22/23 at 6:46 pm to BuckI
SEC, supposedly, isn't interested them as much as other ACC schools.
BUT, SEC also wants to prevent B1G from our area, so........
BUT, SEC also wants to prevent B1G from our area, so........
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