Mr. Wonderful
Whistleblower
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Are there still clauses in the contract for periodic renegotiation windows? If so, when is the next window and what circumstances will trigger it?
Are there still clauses in the contract for periodic renegotiation windows? If so, when is the next window and what circumstances will trigger it?
Yes. Every 5 years. So 2017 and 2022 without any change in membership. It can be interrupted early with the addition of 2 or more or the subtraction of 2 or more.
If I'm not mistaken, the ACC used change in membership as an excuse to squeeze more money out of ESPN last time it thought its contract was undervalued. I wonder if rumbling from the football schools about a lack of an ACC Network may cause them to add more teams, just so they can renegotiate earlier.
Are you sure about those look-in windows and expansion clauses? I don't recall that ever being mentioned elsewhere. Link?
The deal includes look-in clauses every five years where the ACC can reexamine and potentially renegotiate the contract.
http://www.orangeandwhite.com/news/2012/may/15/espn-says-backloaded-college-tv-deals-common/?print=1
The deal includes look-in clauses every five years where the ACC can reexamine and potentially renegotiate the contract.
“This clause is designed to allow for both partners to address the value of the conference taking into account the change in membership,” Magnus wrote. “There was no specific valuation formula based on total number of schools or on a per school basis. It is not an “out clause” nor does it trigger a complete renegotiation of the entire agreement. Again, conference composition clauses are standard in our industry and are part of every ESPN college rights agreement.”