"ESPN recently exercised its opt-in clause with the ACC, extending its media rights deal with the conference through 2036 while providing some relief for the ACC through turbulent times. The new revenue-distribution strategy, as proposed in the settlement, would distribute 40% of the television money evenly through the 14 longstanding ACC members -- including Florida State and Clemson -- with 60% of the revenue distributed on a ratings-based formula from the past five years. In addition, the total cost to exit the ACC is expected to drop below $100 million by 2029-30."
Florida State, Clemson poised to settle ACC lawsuits with new revenue-distribution model in place, per report
Florida State, Clemson poised to settle ACC lawsuits with new revenue-distribution model in place, per report