I think Texas and OK paid $50M each to scoot to resolve 1 year of GOR remaining.
FSU is in the process of negotiating its exit term. 12 years GOR remaining. They are not just negotiating in the normal sense, they are leveraging a legal challenge. That’s ok, we’ll see. They have a legal agreement on the exit fee that will be tested.
Hypocritically, they also tie up their coaches with exit fees in legal agreements.
In either case the term is never permanent. A permanent term is harder to legally enforce. A set term, of 4 years or 12 years for example, is easier to legally protect.
FSU is not locked in permanently - only for the term that they agreed to contractually.
Actually...it has come out in court that...
==The GOR only attaches to a program's content while they are a Member of the conference.
==The GOR is specifically tied to the ESPN Agreement..it has no meaning outside of what is necessary to perform to the requirements of the ESPN Agreement.
==The ESPN Agreement expires in 2027...unless ESPN extended..
== ESPN failed to extend this agreement by the required 2021 date. And still have not.
== Clemson and ESPN lawyers discovered this when finally demanding access to the ESPN Agreement.
...2027 is the latest that FSU and Clemson and ESPN are obligated...Clemson/FSU have both filed for a declaratory judgement from the court.
Ramifications:
...I think that Clemson and FSU are leaving the ACC...and the liability is only through the next two seasons.
...FSU has expected to pay some exit fee and made provisions
---If it goes to discovery, there may be enough ACC wrong doing uncovered to justify Clemson's claim for damages (and I'd expect FSU to file the same)....It has now come out that the ACC actually mischaracterized the GOR to the press and to conference members for a period of years...The ACC would not allow the ESPN Agreement to be reviewed so that it would not be discovered.
---Neither ESPN, the ACC, Swofford, Skipper, or Raycom want discovery...
Gawd...but it will be slow...maybe I can attach a new term to all of the appeals and delays.."tortoise interference"...