Ready for a quieter summer on the conference realignment front? Well, the ACC has helped you out.
The conference announced today unanimous support for a move to a grant of media rights agreement – much like the Big 12 went to in September of last year.
Why is it important?
Control of the ever-increasing TV revenue is handed over to the ACC for the length of the deal – in this case, until 2026-2027 (15 years). If a team decides to leave, that money stays in the ACC.
Daily Press ACC reporter David Teel says the deal was set in motion three-to-four weeks ago, and a school could leave up to $300 million on the table by bolting for another conference.
CBS reports it’s a step in the formation of an ACC Network 24-hour channel, affiliated with ESPN.
It's a different direction from the $50 million buyout announced last year with a new TV deal – which is currently being taken to trial by Maryland – towards what would be a more united front.
By the $3.6 billion dollar agreement penned with ESPN, ACC schools were due for up to $17.4 million per year, but with the addition of Louisville and Notre Dame, that could jump in a renegotiation to over 20 with a $3.5 million bump per year.
In addition to the Big 12, the PAC-12 and Big 10 also have the same arrangement. The SEC is the only Big Five conference without one now.
This, of course, can stem – even more – the conference realignment talk that had quieted with the increased buyout, but still was very much the elephant in the room, especially if Maryland’s buyout doesn’t hold up in court.