BREAKING: Multiple DG sources says ACC will announce unanimous 15 school agreement extending Grant of Media Rightsโ 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.

Comments
Here's a good article explaining what Grant of Media Rights is: http://businessofcollegesports.com/2012/12/03/grants-of-television-rights-not-increased-exit-fees-are-the-solution-to-realignment-frenzy/
If the ACC accepts this, and it's unanimous, I think we can safely say that the realignment era will come to a close for a while.
So basically that's like telling your wife she can leave you, but she has to come back for sex whenever you want it.
Or if you are a #VT4SEC fan, that she CAN'T leave you but can bone any dude she wants right in front of you...
It's official: http://www.theacc.com/genrel/042213aaa.html.
I mean, this is not a bad thing. If Maryland lawyered down their exit fee, and schools like FSU and Clemson looked to bolt, there's a chance, albiet small, VT ends up in a bad spot. For example, the SEC reconsiders their position and accepts new members from existing states. Or only a couple of more dominos fall, and VT + Weaver remain loyal to a watered down league.
Great move by the ACC. As a fan of all Virginia Tech athletic teams -not just football- the ACC is where we want to be.
Yeah, the ACC is great. The only thing I don't like about it is this whole 15 1/2 members thing.
Wait till the playoffs take affect, and Notre Dame will join as a full member. As there won't be an independent rule, you will have to be a member of one of the 4 conferences.
Notre Dame will find a way into the playoff scenario without joining a conference. They just renewed their NBC TV contract for 10 years, if memory serves, and that keeps them fat, happy and rolling in the dough without any need to join the ACC. They will negotiate a way for themselves to get into the playoff if they qualify, you just watch.
Did you mean the "5" conferences, SEC, B1G, Pac-12, Big-12 and the ACC?
I agree. Something similar to the Notre Dame clause that they have now for BCS game selection..
Yeah, that is the one catch with the playoff system. If there are 4 buy in games, what conferences will only be able to send one rep? If there are 8 playoff spots, it would seem that 4 conferences would send 2 each.
So the only logical point would be that something has to happen to make that possible, either that, or there will still be plenty of bellyaching since two conferences will end up with only one rep. Granted if ND gets the tie in, that would help, but I don't see them winning enough to be automatically in the playoffs.
I think the conferences force their hand on ND and make them finally join one though.
Could this have any effect on the creation of an ACC network (it's own channel), or are the two unrelated?
I've long thought this was the route the ACC should take. Given the amount of major cities/population in their footprint, and how many different sports are offered, I can't imagine how having their own channel wouldn't be a huge money maker.
I think (and I'm not an expert on this) that we can't because of our (the ACC's) deal with ESPN. They will broadcast ACC games on a national stage (basketball too), but I don't think we can make an ACC network because of it.
Once our deal with ESPN is up, can't we then make moves to create an ACC network?
Once the contract expires in 2027, yes, I suppose we could. Although who knows what the media landscape (or the college football landscape) will look like by then
http://www.cbssports.com/collegefootball/blog/jeremy-fowler/22116192/acc...
"There's a correlation between the GOR and the ACC's push for a 24-hour channel that would mirror the format of the Big Ten, SEC and Pac-12.
The league is evaluating the viability of a channel with ESPN, which is gathering info and will get back to the league soon. From what I'm told, league members are encouraged about those talks so far."
I think this was necessary from an ACC standpoint. Television markets have been the driver of all this conference re-alignment, and the ACC (and Hokies) are not the wolves most VT fans think they are. It was just 10 yrs ago that VT needed help to get into the ACC, and that was fresh off of a NC game appearance. Currently, ACC football is probably the weakest of the major conferences and ripe for the picking. (GT in the conference title game last year!?) This media penalty might stop the ACC bleeding once and for all.
Evil Emperor John Swofford was heard whispering, "The native are restless...all are according to the plan."
Bleh, I've always been torn between #VT4SEC and #goacc, but I'm very biased. On one hand, I feel the ACC is far too heavy handed with teams that aren't in blue, but who's to say that it's not the same case for the SEC and Bama/LSU? On the other, I LOVE what the ACC does for Olympic sports as a whole, even if swimming in the SEC is FAR better than the ACC. What I've always been weary of, however, is how much can change in a period of 10 years. 10 years ago, Miami, FSU and VT were going to make this league the best, but that didn't happen. People seem to only remember the last several years, and forget that league power is more often than not, cyclical. Most major conferences had held their time in the limelight, and multiple times. I love what the SEC brings RIGHT NOW, but also still truly believe that with FSU, Clemson, UNC, and VT (and yes, maybe even Miami in a few years) that we can be a very VERY good conference. It's just a matter of relinquishing power on behalf of the Blue Bloods, and realizing that Football is not only the wave of the future, but also advantageous to the overall success of Basketball as well. Not to mention, in the PUREST of ACC Elitist statements, that I'm a fan of the academic profile being in the ACC has brought us.
Our 1st year in the ACC we were picked to finish in the bottom half of the league. Many were saysing that we would take a step back because the ACC was supposed to be a better conference than the BE. I think the media picked Miami and FSU to be the top 2 (no championship game that first year). We started 0-2 and ripped off 10 straight wins.
We lost our first and fourth games that year (USC and NC State), so we actually started off 2-2.