Florida State University (FSU) is making headlines as it plans to make its exit from the Atlantic Coast Conference (ACC), the collegiate athletic conference it has called home for years. The FSU Board of Trustees will convene a meeting to discuss the potential legal steps to be taken in this process.
One possible course of action that FSU may pursue is a “declaratory judgment action” to challenge the binding grant-of-rights agreement with the ACC. This agreement, which secures media rights, is at the center of the discussions. FSU’s decision to explore legal action stems, in part, from their recent exclusion from the College Football Playoff, a disappointment that has fueled their desire for change.
However, any actual departure from the ACC is expected to be more than a year away. The complexity of breaking the grant-of-rights agreement could come at a significant financial cost, potentially up to $500 million. In addition, FSU would also have to pay a separate exit fee of $120 million. These financial considerations are crucial factors that need to be addressed before any final decisions are made.
It is worth noting that FSU officials have been publicly discussing the possibility of leaving the conference for over a year. The recent expansion of the ACC has further divided the conference, leading some schools to explore exit possibilities. FSU, along with Clemson, has been actively searching for ways to break free from the grant-of-rights agreement.
However, FSU and other ACC schools considering a departure are uncertain about their future conference affiliation. While the Southeastern Conference (SEC) and Big Ten seem to be the most attractive options, both conferences have expressed hesitancy to add new members in the past. Nevertheless, the changing landscape of college athletics may create opportunities for departing ACC programs, and FSU aims to capitalize on those possibilities.
Overall, FSU’s potential departure from the ACC is causing waves in the collegiate sports world. As the university’s Board of Trustees holds a meeting to discuss legal actions, the future of FSU’s conference affiliation remains uncertain. One thing is for sure – the decision-making process involves careful examination of the grant-of-rights agreement and the financial implications attached to a potential departure from the ACC. Fans and sports enthusiasts alike will be eagerly awaiting further updates as this story unfolds.