For those of you who don't know it, Kyle S. Lamb is the man who actually obtained a copy of the B12 GOR and posted it online about a year ago. The B12 GOR was thoroughly picked over by myself and many others on the WVU Scout site (as well as on many other sites) at the time.
My take-away from the B12 GOR is this: The B12 GOR, in and of itself, is a significant "nuisance", but not an insurmountable hurdle, to the "right" B12 school leaving the B12 for another conference. The bottom line is that the B12 GOR contains no forfeiture provisions for TV money.
For purposes of illustration, assume, for example, Kansas wanted to migrate to the B1G and the B1G wanted Kansas in the worst way (to better drive home the point, substitute Texas for Kansas in the example). Under the B12 GOR, only Kansas' home games are affected (because the away school owns the TV rights to its own home games).
So Kansas' away games are TV revenue that flows into the B1G (more precisely, Kansas' away games at B1G venues). Plus, Kansas retains the rights to one football game (and 8 basketball games) as well -- this is the s0-called "B12 television Tier 3" situation that folks talk about from time-to-time. The TV revenue from this one Tier 3 football game also flows into the B1G, regardless of the B12 GOR.
Each year, even with Kansas being a member of the B1G, the B12 television pot gets divvied up among the B12 members and Kansas. To emphasize that last point: Kansas is now a member of the B1G, but Kansas' still gets its share of B12 TV disbursements at the end of each year.
The B12 GOR does not effect Kansas getting its share of B12 money because the B12 GOR does not contain any forfeiture provisions whatsoever. Zip. Zero. Nada.
As for Kansas and the B1G, Kansas would probably get a reduced share of B1G revenues until the end of the B12 GOR, at which time Kansas would graduate to a full share. I say a "reduced share" because the money Kansas gets from the B12 each year (which presumably would be paid over by Kansas to the B1G) would probably be less than would be earned by the B1G if Kansas were not subject to the B12 GOR. Thus, if the B1G wanted Kansas badly enough, obviously the B12 GOR could be worked around.
So what's the big deal with the B12 GOR, then?
None, really. The big deal is not the B12 GOR. It's a pain in the butt, it's a nuisance, at most, but the B12 GOR is not the show-stopper.
The show-stopper is the B12 Bylaws. It's the B12 Bylaws that contain the absolutely ferocious TV forfeiture language. The B12 Bylaws say, in paraphrase, that if you leave the B12 before the expiration of the B12 GOR, then you lose all of your home and away TV revenue until the expiration of the GOR (which expires in June 2025). All of it. Gone, gone, gone.
What's the B12 GOR this have to do with UVA, an ACC school subject to an entirely different GOR and Bylaws?
According to multiple news reports, the B12 "advised" the ACC when the ACC set up its GOR. Presumably the ACC also amended its Bylaws with language similar to the amended B12 Bylaws that contain the forfeiture language (but this is not clear).
If so, however, any school in the ACC (or B12) is going to have to have some pretty huge huevos if the school is going to migrate leagues before the end of the GOR. If you miscalculate, you may lose all of your TV money, if the GOR-Bylaws are upheld in court. Dangerous proposition for the school, dangerous proposition for any prospective new conference.
Are the Bylaws "legal"? I have no clue. Kyle S. Lamb points out on other boards that once a school withdraws from a league that school is no longer subject to the old league's Bylaws. Is this a "good" defense, overcoming the Bylaw's forfeiture provisions? I have no clue. Corporate law and corporate bylaws are way beyond my pay grade.
The GORs are a big deal, but not an insurmountable deal. The Bylaws, however, may be a whole 'nother thing. The Bylaws are certainly chilling factors of the first rank. Their existence will cause a school and a new conference considerable hesitation, I should think.
Therefore, like others, I have a serious question with respect to any B12 or ACC schools changing leagues prior to the expiration of those league's respective GORs. Conversely, if the ACC did not amend its Bylaws -- if there is no corresponding forfeiture language in the ACC -- then the ACC could well be picked apart long before the expiration of the ACC GOR. And that may great for UConn because ....
Personally, I think UConn is part of any move by Delany in going to 16. Delany has made it clear that he wants to finish off B1G ownership of the NE Corridor. UConn is the most logical school to finish off the northern end of the NE Corridor for the B1G since there really isn't any school in Massachusetts that fits the B1G criterion. UConn seems to be the best fit, other than UConn not yet being AAU. Similarly UVA is the most logical school to finish off the southern end of the NE Corridor. Delany may well consider UConn and UVA as near-perfect additions to the B1G.
OTOH, if the ACC GOR-Bylaws do contain forfeiture language, does UVA (or any ACC school, for that matter) migrate out of the ACC prior to the expiration of the ACC GOR? And if not, who in creation is there out there to pair with UConn to get to 16?
Well, there are SEC schools in general, and Missouri in specific. But would Mizz really leave the SEC -- a conference wherein they just played in the CCG, and a destination conference (but without a GOR)? Who knows? I don't think so, but who knows? Would any other SEC school bolt the SEC for the B1G? There's your questions because I don't see any school not a member of the ACC or B12 that are potential targets for the B1G.
That's all I got.