I have tough time following the logic on FSU leaving the ACC, but Greg Flugaur discussed AT LENGTH in a couple podcasts over last 24 hours. Its a tough listen because it's basically 3hours of podcasts built on speculation.
The speculation is that FSU is approaching 2 ways:
- FSU will pull out of ACC by August 15 so that they can join either Big10 or SEC for 2024 season.
- FSU is going to litigate the GOR.
It's a nuclear approach for FSU, because they would leave the ACC with NO guarantee they would win a court battle regarding GOR.
A lot of Flugaur's podcast yesterday dealt with rumor of FSU to Big10. The mechanics would require that the Big10 also add Washington & Oregon to help make adding FSU financially possible. I was't following the structure 100%, but basically if Big10 can add Pac12 schools at big discount to their media value, then they could use that money to subsidize FSU to Big10. If I understood correctly:
- Let's say the Ducks & Husky's are worth $100M to Big10 from its media partners. They could give the Ducks & Husky's $35M each. The Big10 would "keep" $30.
- FSU in the Big10 would require that FSU home game media rights remain with ACC and would be televised by ESPN. ESPN would owe the ACC $17M for those games. My speculation: would ESPN love that because ESPN advertising rates would support closer to $60-65M the SEC & Big10 media payouts.
- What I don't follow is: can the Big10 could funnel $30M they kept from adding ORWA to FSU and call it something other than media rights? A forgivable loan, appearance fee, NIL payout, etc. Plus could the Big10 goose that $30M because FSU's 4-5 Big10 road games have premium value to the Big10? Would FOX, CBS and NBC be willing to add $10M million a year for the opportunity to have FSU content?
Obviously, the elephant in the room are the TV Networks.
- Why would they rollover and let FSU manipulate the GOR? Afterall ESPN is only paying $17M per school to ACC until 2036? Are they neutral because any schools that leave the ACC for the Big10 or SEC, both FOX & ESPN will be able to charge much higher ad rates to televise FSU, Clemson, Miami, UNC, etc. games in the Big10/SEC vs. ACC.
- Is there an advantage to FSU (and Clemson) jumping to the Big10 (a FOX property) vs. to SEC (an ESPN property which is same as ACC)?
The other possibility is FSU has cracked the GOR, but it will take a few years to litigate. But in meantime, why not be in Big10 or SEC? The thing about GOR that Flugaur has mentioned a couple times, is the ACC GOR are two separate GOR's. The first was before ACCN was formed and ran through 2027. The second GOR was based on ACCN formation and ran through 2036. He has mentioned a few times, that the second GOR might not be as airtight because of unmet promises made (breach of contract) to get FSU to sign.