Luckily, it has a GOR, but no way FSU signs any extension in the future.
https://accfootballrx.blogspot.com/2018/06/tv-contract-timelines-6618.html
I've added a few dates and other details (mostly the Orange Bowl contract) and put them into this table. Hopefully this helps put things into perspective...
Month | Amount | Description |
Jul 2010 | $12.9M | ACC signs w/ ESPN for $1.86B for 12 teams over 12 yrs |
per team | includes provision to sub-license games to Raycom | |
May 2011 | $20.8M | Pac-12 splits contract between ESPN/Fox |
Sep 2011 | ACC invites Pitt, Syracuse, triggers renegotiation clause | |
May 2012 | $17.1M | ACC extends ESPN for $3.6B for 14 teams over 15 yrs |
Jul 2012 | $4.0M | Big XII signs Sugar Bowl deal for $40M/game for 12 years |
$2.9M | SEC signs Sugar Bowl deal for $40M/game for 12 years | |
$3.3M | Pac-12 signs Rose Bowl deal for $40M/game for 12 years | |
$2.9M | Big Ten signs Rose Bowl deal for $40M/game for 12 years | |
Jul 2012 | $2.0M | ACC signs Orange Bowl deal for $27.5M/game for 12 years |
Sep 2012 | Notre Dame joins ACC except football | |
with 5-game scheduling agreement | ||
increases exit fee from $20M to $52M | ||
Nov 2012 | Maryland announces it's leaving the ACC | |
ACC votes to add Louisville | ||
Apr 2013 | ACC teams sign Grant of Rights | |
May 2013 | ESPN says no ACC Network until Raycom rights repurchased. | |
Nov 2013 | ESPN and SEC agree to launch SEC Network | |
Aug 2014 | SEC Network launches | |
Jun 2016 | $31.4M | B1G splits tv rights between ESPN/Fox/CBS for $440M/yr, 6 yrs |
Jul 2016 | ACC + ESPN announce ACC Network will launch in 2019 | |
ACC extends ESPN through 2036-37 ($$$ not disclosed) | ||
May 2017 | Conference Network estimated payouts for 2017: | |
$11.0M | SEC Network $11M / school | |
$8.0M | B1G Network $8M / school | |
$2.5M | Pac-12 Network $2.5M / school | |
$3.0M | ACC reportedly to receive $3M / school penalty for no network | |
Aug 2019 | ACC Network scheduled to launch | |
Aug 2021 | ACC/ESPN "look-in" | |
Aug 2024 | Orange Bowl contract expires | |
Aug 2026 | ACC/ESPN "look-in" |
BOTTOM LINE: The best things the ACC can do in the near future to increase conference payouts are (1) rally the alumni to demand the ACC Network, and (2) renegotiate the Orange Bowl contract to be more favorable.
Here's another timeline on the ACC TV deals:
July, 2010 - 12 member ACC reaches $1.86 billion deal with ESPN with sublicense to Raycom for 12 years (2022-23). $155 million per year total. $12.9 million per year per school.
- Swofford insists that Raycom be included. FOX was also NOT afforded an opportunity to beat ESPN’s final offer, as "ESPN’s multiple platforms were just too valuable to risk passing up."
-The ACC’s contract with ESPN essentially was outdated before it went into effect. “Shortly after the ACC agreed to its initial deal with ESPN for $155 million a year in 2010, the Pac-12 shocked the collegiate world with a 12-year deal with ESPN and Fox for $250 million a year that reset the market.”
September, 2011 - ACC invitates Pittsburgh and Syracuse to join.
May, 2012 –14 member ACC reaches $3.6 billion deal with ESPN with sublicense to Raycom for 15 years (2026-27). $240 million per year total. Approximately $16 million per year, per school. Provides "look-ins" in 2017 and 2022. The deal is described by some as a dud and a “rip off” for the ACC
- The ACC’s deal ranks behind several other BCS conference television contracts signed in recent years. The Pacific-12 agreed to a television contract with Fox and ESPN last year that will pay each member school about $21 million a year. Just this week, meanwhile, it was reported that the Big 12 had orally agreed to a 13-year contract with ESPN and Fox that will pay each of its member schools approximately $20 million a year.”
- The ACC expanded last year with Syracuse and Pittsburgh
https://floridastate.forums.rivals.com/threads/fsu-receives-27-2-million-distribution-from-the-acc-for-2016-17.219033/page-10
This is good having everything in one place. It really highlights how that first ACC contract in 2010 put the conference WAY behind ($155M/12 teams vs. Pac-12 at $250M/12 teams in 2011), a hole which the ACC is still trying to dig itself out of... and they won't be able to get completely out of the hole until 2035 (though they can make up significant ground by 2026, which is not only a "look-in" but also the year the Orange Bowl contract expires). Better hope the ACC Network takes off!!!
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