BREAKING: Multiple DG sources says ACC will announce unanimous 15 school agreement extending Grant of Media Rights— David Glenn Show (@DavidGlennShow) April 22, 2013
This means the end of #VT4SEC talk for a while. While the details from the ACC aren't known, here's an explanation of what it meant for the Big 12 from last September (http://espn.go.com/college-sports/story/_/id/8346345/big-12-announces-me...).
The deal includes a "grant of rights" agreement, meaning if a Big 12 school leaves for another league in the next 13 years, that school's media rights, including revenue, would remain with the Big 12 and not its new conference.
The ACC looks more stable today, than yesterday. Schools can litigate down, or flat out pay, an exit fee. But with expansion being driven more by television markets than on the field results, the uncertainty of bringing one's own TV and media rights really makes any school looking to jump ship extremely unattractive.
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