OT: - Florida State to sue ACC over GOR | The Boneyard

OT: Florida State to sue ACC over GOR

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www.espn.com

Florida State suing ACC over grant of rights, withdrawal 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 www.espn.com

do it jewish GIF
 
fireford said:
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.
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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.
 
fireford said:
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.
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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.
 
EnochRoot said:
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.
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And Clemson...and others.
 
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kobe said:
BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

Running Man Abandon Thread GIF by MOODMAN
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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.
 
kobe said:
BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

Running Man Abandon Thread GIF by MOODMAN
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Run, Forrest! Run!
 
kobe said:
BREAKING: uconn ad running by foot to charlotte to get out of the church league and secure a spot in an actual conference

Running Man Abandon Thread GIF by MOODMAN
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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.
 
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.
 
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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.
 
CL82 said:
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.
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Is it a penalty clause or liquidated damages?
 
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NJHusky said:
Is it a penalty clause or liquidated damages?
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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.
 
Orc said:
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
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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.
 
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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.
 
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