Yeah, that's what I figure would be the final scenario/hoop that FSU would jump through to get out. It just seems like they believe (rightly or wrongly) they have some angle to get out early. Seems they're getting more desperate and god knows what desperate people think and do.
Right you are...
There is not a one sentence — or even one page — answer I can give you on calculating damages that will help. But juries take their shot at it on a daily basis and do the best they can. The fact that you can’t know with metaphysical certainty that any one amount is the “right” amount doesn’t stop judges and juries from having to do the best they can.
Yeah, that’s the question, isn’t it? For the GOR maybe take the sum of the annual payments for the FSU broadcast rights due over the term of the contract and discount it back since it is received as a lump sum payment. On the other hand you could make the argument that it shouldn’t be based on FSU’s value in the ACC, but instead should be based on their much higher value in one of the P2 conferences.
Was the ACC dying when they took BC and Syracuse? Was the Big Ten dying when they took Rutgers? I have to agree though that if there is anyone who prefers the Big East to the ACC, those same individuals must also be booking tours to Roswell NM.
Sure but just the fact that there are rumblings, that some BE schools, not named UConn might be attractive options for the Big 12 kind of tells you where our priority has to be if there ever is a choice.
The departing school(s) and the conference would need to come to an agreement on the price of buying out of the commitment. If it is determined in a manner similar to business dealings (which been going on for quite some time) a calculation of present value of future cash flows multiplied by a discount rate would lead to a number (keep in mind the discount rate is arbitrary and each side will have a different view on what it should be). Negotiations will likely begin when one side proposes a number.
Yes, but remember that however you calculate it, damage calculations can’t go past the end of the GOR Agreement, since schools at that point can leave without being liable for damages.
This is what I'm getting at. If I was the ACC I fight tooth and nail and to keep original terms of the deal. You signed agreeing to this, that is my starting point. Not 200 million, not 300 million. The agreed upon terms. If not sue us, oh and by the way, let's make it known that we will in turn sue the conference and network that take you in.
I realize that (and I also realize the last couple of years of the GOR will be worth pennies on the dollar) but that still leaves more than a decade with (I believe) $36 million per school per year as the base point, not even considering a departure fee. Whatever a buyout would be, especially for the initial schools, will be an astronomical number.
Yes, if I were BC, Wake, or any other member who faces the reality of being one of the schools that wont get a sniff from the B2G or SEC I don't consider giving back a penny without both extending the term of the GOR and increasing the departure fee. The contract has already been agreed upon and signed by all member parties. Altering the terms just because isn't sufficient reason.
It’s stupid to even suggest such a thing, that’s like suggesting the The Big Ten might have taken Rutgers only for men’s basketball.
This could get far more complicated than that. FSU has granted their media rights to the ACC. If they were to just get up, join another conference and wait for the courts to determine a dollar amount they owe the ACC, the possibility exists that the new conference cannot broadcast any games FSU plays until the court case is decided.
How many can find soft landings? If it isn't more than the number of votes required to dissolve the conference, dissolution wouldn't be feasible.
All of them. All the ACC schools have entrenched FBS football programs and that’s not changing. All the original ACC schools have large endowments, stellar academics and research facilities, and they fund all the major D1 athletic programs. If a couple schools leave and a couple new ones replace them, so what. Success in football is fleeting, it doesn’t last, it’s just a series of ebbs and flows, just ask Miami, FSU, Notre Dame, Nebraska, USC, Pitt, Oregon, and a few others.
I agree but for FSU to be making this noise they may have back channels telling them, "hey if you wraggle yourself free, give us a call". Have no clue if they fit the Big Ten academic profile, but they make more sense FB wise to the Big Ten than the SEC. It's a legit power FB program and would get the Big Ten into SEC territory.
I disagree about FSU and the Big10. When the Big10 wooed Maryland, they were banking on other schools signing up as well. Those schools choose to stay in the ACC. FSU was one they were courting and the Noles decided to stay with Swafford and the ACC.
You're right, they could all find soft landings, in a conference together! You can't magically place 8 teams into 3 major conferences that currently have 16 or 12 teams. So what do those teams do, form their own conference? Oh wait, they are already in one.....there aren't many seats to be had in the P2 or 3 if you wanna count the Big12. It's why I think Oregon and UW are in trouble with the 4 corner schools leave for the Big12.