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ESPN has no contracr with the schools...they have a contr
Not that it would happen...but if the ACC disbanded, ESPN would have a contract but with a non existant entity.
ESPN has no contract with the schools, but rather with the conference.
The schools, via GOR, assigned their media rights to the ACC, the conference then contracted with ESPN.
Since the ACC is a North Carolina non profit, the NC statute regarding non ptofit dissolution would govern...
I have not seen the contract. Are you certain that the ACC didn't assign the GOR to the rights to members' home games to the networks? If I were representing the networks I would have taken an assignment to those rights, and if the networks weren't guaranteed the benefits of the GOR then how did the schools granting them increase the value of the TV contract, which was the point of the GOR in the first place?
Said another way, I can't tell you you are wrong without seeing the contract, but as a business law matter it would make little sense for you to be right.