OT: Florida State to sue ACC over GOR

[Greedo]

'Left no choice': FSU suing ACC over exit fee

Florida State is suing the ACC over the league's grant of rights and $130 million withdrawal fee, becoming the first school to challenge a grant of rights in court.

www.espn.com

 

[fireford]

If they win this lawsuit it will be further proof that signed contracts aren't worth the piece of paper they're written on and high-priced lawyers can always find a loophole.

 

[CL82]

If they win this lawsuit it will be further proof that signed contracts aren't worth the piece of paper they're written on and high-priced lawyers can always find a loophole.

Or, alternatively, that penalty clauses that greatly exceed actual damages are not legally enforceable, particularly when some of the signing parties had little to no negotiating power.

 

[EnochRoot]

If they win this lawsuit it will be further proof that signed contracts aren't worth the piece of paper they're written on and high-priced lawyers can always find a loophole.

This is all about negotiating down the $572m exit penalty that the ACC will levy on FSU. The suit alleges the ACC has diminished its own media rights bargaining power through mismanagement and boneheaded decisions to invite lesser value institutions into the conference.

I’m not saying they’ll win, but you can bet your butt UNC will be following them out the door should they succeed in slashing the exit fee.

 

[fireford]

This is all about negotiating down the $572m exit penalty that the ACC will levy on FSU. The suit alleges the ACC has diminished its own media rights bargaining power through mismanagement and boneheaded decisions to invite lesser value institutions into the conference.

I’m not saying they’ll win, but you can bet your butt UNC will be following them out the door should they succeed in slashing the exit fee.

And Clemson...and others.

 

[kobe]

BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

 

[gtcam]

BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

relax and enjoy your school sitting in the reserved cellar seat in your new conference

 

[UConniki]

BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

It’s sad but probably true and absolutely necessary as opposed to the last round of expansion when Louisville got in and our ad was monitoring the situation from the Caribbean.

 

[prankster]

BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

Run, Forrest! Run!

 

[ec33]

BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

Once the football schools leave, UConn would be a perfect fit.

Although Syracuse and Louisville are headed into "football school" category through mediocre football play (Fran Brown seems to be the real deal in recruiting) and being inept at basketball.

 

[nyhuskies13]

BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

Take it easy on Kobe, if you had 1 Sweet 16 appearance in 22years, you'd spend alot of time on another school's board too

Wonder how much of that Big12 money makes it into his pocket

 

[upstater]

FSU is very upset at UConn's lawsuit. UConn set a disgusting precedent. How unworthy of UConn. UConn should be forever blackballed. Just think of it, a school suing their colleagues in another conference. No one does that. If you want to sue your colleagues, make sure you are in the same conference.

 

[FfldCntyFan]

Interesting.

I'm curious as to what the process was that led to the conference adopting the current withdrawal fee. Unless FSU can prove that they (and possibly others) were unfairly coerced into agreeing to the escalation, this will be difficult for them to win.

On the fiduciary responsibility, unless malfeasance can be proven, this is a non starter.

I'm also not sure how the GOR can be viewed as financially punitive unless there is an actual dollar amount attached to breaking the GOR. I believe that this may be the key point. It is possible that FSU (and possibly other members) approached the conference for a price to buy out of the GOR and a number was given.

 

[Orc]

I dont want Uconn in the Acc if it is just going to be Bc,cuse, wake forrest, tulane, ecu, usf,memphis, stanford,etc. What a horrid basketball league. Its like Aac v2

 

[Blue Blood]

And Clemson...and others.

I don't follow this close enough would they all look at getting a spot in the SEC or would UNC target the Big 10

 

[Kitaman]

Wow, so colleges also want to become free agents now.

 

[NJHusky]

Or, alternatively, that penalty clauses that greatly exceed actual damages are not legally enforceable, particularly when some of the signing parties had little to no negotiating power.

Is it a penalty clause or liquidated damages?

 

[NJHusky]

Wow, so colleges also want to become free agents now.

Can they get NIL too? Maybe they should have Conf deals expire every year?

 

[dogpause]

I like it right where we are.

 

[Hans Sprungfeld]

"... running by foot..."

Is that a regional variation like Cincinnati chili?

 

[CL82]

Is it a penalty clause or liquidated damages?

I suspect that that will be a major point of contention in the litigation. If it bears no reasonable resemblance to actual damages, it's a penalty clause.

 

[CL82]

Is that a regional variation like Cincinnati chili?

What kind of monsters put chili on pasta? That's just wrong.

 

[CL82]

I dont want Uconn in the Acc if it is just going to be Bc,cuse, wake forrest, tulane, ecu, usf,memphis, stanford,etc. What a horrid basketball league. Its like Aac v2

When did Tulane, ECU, USF and Memphis join the ACC? Syracuse, BCU, Duke, NC State, and Virginia Tech aren't a bad start to a conference.

 

[bendm]

I dont want Uconn in the Acc if it is just going to be Bc,cuse, wake forrest, tulane, ecu, usf,memphis, stanford,etc. What a horrid basketball league. Its like Aac v2

Duke isn’t getting invited to big10 or sec

 

[mussels]

FSU has an undefeated football team, and it’s outside looking in on the football playoffs. There are those in the FSU administration that believe if they were in the SEC and Alabama was in the ACC, they would be in the playoffs and Alabama would be out. I think they probably have a point.

Guessing that was a final straw type of thing that probably helped initiate the suit. If nothing else it probably increases leverage for getting a bigger piece of the ACC pie if they have to remain.