FfldCntyFan
Texas: Property of UConn Men's Basketball program
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Not exactly.That's my point. ESPN doesn't directly own the GOR. Their contract with the ACC is the content it provides them.
If FSU leaves ESPN will sue the ACC and the ACC will sue FSU. The ACC will retain the rights to FSU's home games for the duration of the GOR and ESPN will retain the rights to distribute those games. The conference FSU leaves the ACC to go to will be paying FSU whatever they agree upon but they will not receive any revenues FSU generates that are obligated to the ACC.
If FSU leaves, it cannot take its media rights without some financial settlement with the ACC. If the ACC settles with FSU, they cannot then sue FSU after ESPN seeks consideration for FSU leaving.
The ACC won't settle with any departing schools quickly unless the settlement dollars are large enough that they would be confident they won't lose money over the remaining term of the GOR.
If the ACC were to lose one of their marquee football schools (Clemson, FSU), ESPN would immediately move to cut their payments to the ACC (and I'll wager heavily that there is language in the contract allowing for this).