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FSU penalty for leaving ACC early is $572 million
Posted on 12/22/23 at 11:18 am
Posted on 12/22/23 at 11:18 am
quote:
An outside attorney, David Ashburn, is going through financial figures now. He said the penalty to leave the ACC is $572 million
Ouch
16
Posted on 12/22/23 at 11:20 am to CarolinaGamecock99
highly doubt that
their penalty aint gonna be the revenue for the entire conference
quote:
the league reported a record $578.3 million in total revenue for the 2020-21 season
their penalty aint gonna be the revenue for the entire conference
Posted on 12/22/23 at 11:21 am to CarolinaGamecock99
Insane. What are they up to and where do they wanna go so badly?
Posted on 12/22/23 at 11:28 am to CarolinaGamecock99
Shame the Big 12 didn't have a similar agreement.
Posted on 12/22/23 at 11:46 am to CarolinaGamecock99
Damn, 8 Jimbos. A couple Jimbos is doable. But 8?
Posted on 12/22/23 at 12:06 pm to CarolinaGamecock99
I hate FSU more than anyone, but I’m trying to figure out what their legal argument is going to be. Breach of fiduciary duty perhaps? Could argue that the ACC didn’t make the best deal in hindsight… but that’s weak.
It’ll be interesting to see how it plays out. I will be laughing because it’s FSU that has to squirm. Anyone else with the exception of Georgia, I would feel bad for.
It’ll be interesting to see how it plays out. I will be laughing because it’s FSU that has to squirm. Anyone else with the exception of Georgia, I would feel bad for.
Posted on 12/22/23 at 12:08 pm to CarolinaGamecock99
quote:
An outside attorney, David Ashburn, is going through financial figures now. He said the penalty to leave the ACC is $572 million
Oof, well, goodluck.
Posted on 12/22/23 at 1:52 pm to CarolinaGamecock99
Golden handcuffs.
Posted on 12/22/23 at 2:11 pm to CarolinaGamecock99
FSU losing its shite and going to the mattress for a team that struggled to beat a bad Florida team and an overrated Louisville with absolutely zero hope of getting out of the first round of the playoffs if they were selected is peak Florida man.
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.
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 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 11:40 pm to CarolinaGamecock99
Yeah, but how much do they lose staying? Run them numbers, bitch!
Posted on 12/23/23 at 8:37 am to CarolinaGamecock99
Crazy thought:
If four of the top teams all say they are leaving at the same time,
1. Does the ACC continue to exist
2. Do you have to pay them?
The reality is that the ACC is an agreement between schools. Not a governing body.
So if let’s say Miami, FSU, Clemson and Virginia or VaTech also say we are out at the same time, does that in essence kill the conference and make all payments null and void?
If four of the top teams all say they are leaving at the same time,
1. Does the ACC continue to exist
2. Do you have to pay them?
The reality is that the ACC is an agreement between schools. Not a governing body.
So if let’s say Miami, FSU, Clemson and Virginia or VaTech also say we are out at the same time, does that in essence kill the conference and make all payments null and void?
This post was edited on 12/23/23 at 8:38 am
Posted on 12/23/23 at 9:15 am to CarolinaGamecock99
It was hilarious that the FSU attorneys cited that SC left the league for financial gain...
to become an independent...idiots
to become an independent...idiots
Posted on 12/23/23 at 10:53 am to CarolinaGamecock99
I saw where FSU has filed a lawsuit against the ACC. If they willingly signed the grant of rights they are fricked.
Posted on 12/23/23 at 11:01 am to CarolinaGamecock99
The real loser is SMU. They gave up 10 years of revenue to join a conference that probably won’t exist by the time they’re supposed to get paid.
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