Non-Key Tweets

[billybud]

Interesting...The conference moving from the position that the GOR as being hard and fast to the GOR being negotiable...

Well, we all know that it is all maneuvering around a negotiation.

 

[CTMike]

Contracts are never not negotiable. Negotiation might end with a quick “kick rocks” but there’s a price for everything if both sides agree.

 

[CL82]

I wonder if that may have been specific positioning to avoid equitable relief. Generally, if money damages aren't sufficient to reward an injured party a court can order specific action. Though I didn't read the filing, I suspect that the ACC is saying that they are not trying to keep FSU in the conference against their will, rather FSU has given up their broadcast rights and will need to buy them back in order to leave. I don't know if that is blinking as much as positioning the controversy in a manner that is likely to be favorable to them.

Yep, it's positioning. They appear to be looking to undercut FSU's "unenforceable penalty" argument as well.

 

[CoastAtlantic]

 

[FfldCntyFan]

So this clown believes NCSU & Va Tech would pay the exhorbitant costs to gain their freedom to make what would at best be a lateral move?

 

[CoastAtlantic]

 

[CoastAtlantic]

 

[CoastAtlantic]

 

[Forte]

LOL wrong ... SEC and B10 have mentioned big12 zero times and have included them in their meetings and mergers zero times. B12 is not part of the discussion they are ripe for the picking too. Yormark clearly knows this which is why he was trying to emphasize Bball ... Big12 Presidents think they matter more than they do football wise. Adding ASU and Arizona moved the needle zero football wise ...Tick Tock.

 

[UConnTrumbull]

LOL wrong ... SEC and B10 have mentioned big12 zero times and have included them in their meetings and mergers zero times. B12 is not part of the discussion they are ripe for the picking too. Yormark clearly knows this which is why he was trying to emphasize Bball ... Big12 Presidents think they matter more than they do football wise. Adding ASU and Arizona moved the needle zero football wise ...Tick Tock.

Exactly. No chance SEC/Big10 shares a piece of the pie with an immensely inferior “counterpart”

 

[CL82]

Exactly. No chance SEC/Big10 shares a piece of the pie with an immensely inferior “counterpart”

Oh, I could see them sharing a piece, just not a meaningful piece. For example I could see ready a basketball tournament with more than just P2 members invited. Invitees would receive a share of the profit, not anything approaching an equal share mind you, but more than getting through the NCAA.

 

[RSTuthill]

Exactly. No chance SEC/Big10 shares a piece of the pie with an immensely inferior “counterpart”

What I am waiting for are the expulsions of the weakest of those conferences.

 

[Drew]

 

[CL82]

I don't know, getting a half billion dollars from FSU seems like it might help to stabilize the ACC. Everyone who's not foolish enough to replicate FSU mistake gets a nice annuity.

 

[Chin Diesel]

I don't know, getting a half billion dollars from FSU seems like it might help to stabilize the ACC. Everyone who's not foolish enough to replicate FSU mistake gets a nice annuity.

It won't be anywhere near 1/2 a bill.

It will be the largest buyout ever but it will end up somewhere around $100m. And then 3-5 other schools will quickly follow suit.

 

[billybud]

Things we did not know too long ago.

...that ESPN had the option to not continue the ACC contract beyond 2026.

...FSU is doing its level best to make ESPN think about non renewal under current rates. Convincing ESPN that FSU is leaving, hang the cost, gives a look at a conference that might be devalued. Especially if there is coat tail rider...or two.

 

[CL82]

It won't be anywhere near 1/2 a bill.

It will be the largest buyout ever but it will end up somewhere around $100m. And then 3-5 other schools will quickly follow suit.

None of which involved the buyback of a GOR.

The exit fee is three times the operating budget so that's 130 million right there. FSU Current estimate of that plus the GOR Is that 572 million dollars.

Florida State files legal challenge to ACC's exit fee, grant of rights

FSU lawyers estimate that the current cost of paying the ACC’s exit fee and forfeiture of media rights revenue would total $572 million.

theathletic.com

 

[billybud]

When FSU found out that the ESPN contract was not guaranteed past 2026....they found an opening.

The ACC likes to say that they have programs rights until 2036...But...the GOR plainly says that they only are assigned such rights as necessary to fulfill the requirements of the ACC contract.

FSU wants to pay the Exit fee and negotiate the remaining two years of the guaranteed contract.

By the By...the ACC only receives Exit fee monies if FSU leaves...

Any "rights" monies go to ESPN who has leased those rights...it is an odd situation...ESPN did not sign the GOR and no school signed a contract with ESPN. This is all about ESPN yet ESPN is silent standing in the corner like a mobster's goon at a "sit down" with a rival.

 

[Patman]

When FSU found out that the ESPN contract was not guaranteed past 2026....they found an opening.

The ACC likes to say that they have programs rights until 2036...But...the GOR plainly says that they only are assigned such rights as necessary to fulfill the requirements of the ACC contract.

FSU wants to pay the Exit fee and negotiate the remaining two years of the guaranteed contract.

By the By...the ACC only receives Exit fee monies if FSU leaves...

Any "rights" monies go to ESPN who has leased those rights...it is an odd situation...ESPN did not sign the GOR and no school signed a contract with ESPN. This is all about ESPN yet ESPN is silent standing in the corner like a mobster's goon at a "sit down" with a rival.

If this were true FSU would already be long gone. This is farcical.

 

[billybud]

That is what FSU believes....not what the ACC believes....thus the suit...

As the FSU BOT Chair has said...if it was only $150 million, we would have sent our letter giving notice.

This is all about negotiating an amount...The ACC must fight with extreme prejudice for it is an existential battle for their survival.

 

[billybud]

Here's the deal...right now..FSU only has legal fees invested...has not left the conference nor put in an official notice.

A few million in legal fees...worth it to FSU to test the water.

 

[billybud]

L Grant of Rights. Each of the Member Institutions hereby (a) irrevocably and exclusively grants to the Conference during the Term (as defined below) all rights (the "Rights") necessary for the Conference to perform the contractual obligations of the Conference expressly set forth in the ESPN Agreement, regardless of whether such Member Institution remains a member of the Conference during the entirety of the Term and (b) agrees to satisfy and perform all contractual obligations of a Member Institution during the Term that-are expressly set forth in the ESPN Agreement.

The real controlling agreement is the ESPN Agreement...which is labelled Top Secret and is at the level of "Unobtainium"..

The ACC has petitioned the judge to seal this document if it becomes discovery and the judge has given ESPN a deadline to comment.

 

[billybud]

I do get the feel that FSU has burned their ships on the beach...

LOL...the ACC officiating in the coming seasons may not be subtle.

 

[billybud]

 

[LBird33]

Why did not they just change the name from CFP. To the SEC/BIG10. Tournament