What grant of rights means

The ACC is the fourth major conference – joining the Big Ten, Big 12 and Pac-12 – to enter into a grant of media rights agreement. In a grant of rights agreement, schools agree to surrender their television media rights to their conference for the duration of a television contract.

The ACC’s contract with ESPN, which beginning July 1 will pay schools an average of a little more than $20 million per year, runs through the 2026-27 academic year.

The grant of rights extends any time a new TV contract is renegotiated.
If a school left the ACC, its TV rights would remain with the ACC for the duration of the ACC’s TV contract. A departing school would potentially lose hundreds of millions of dollars in TV revenue, and would bring no TV revenue to another conference.

Additionally, any team leaving the ACC still is subject to the exit fee, which is three times the operating cost of the league budget (now more than $50 million).

Read more here: http://www.charlotteobserver.com/2013/05...rylink=cpy

So I guess any "look-ins" and I think it is one every few years for the ACC and it automatically extended I guess?

"Extends" after renegotiation as in resets, or the "look-in" is more like hitting a pause button...stoppage time?

These things still don't seem as strong as they sound, and GoR sounds more like the vote of confidence for a conference television network. Swofford can't just say "well, I'm not working on a television deal, because your rights are the ACC's regardless." I don't think the agreement is that heinous and university presidents and counsel that dumb.

There's also the "coverage" for schools like Pittsburgh, Syracuse, Notre Dame, and Louisville. Until they are official members, what rights do they have in the interim?

(05-05-2013 06:46 AM)The Cutter of Bish Wrote:  "Extends" after renegotiation as in resets, or the "look-in" is more like hitting a pause button...stoppage time?

These things still don't seem as strong as they sound, and GoR sounds more like the vote of confidence for a conference television network. Swofford can't just say "well, I'm not working on a television deal, because your rights are the ACC's regardless." I don't think the agreement is that heinous and university presidents and counsel that dumb.

There's also the "coverage" for schools like Pittsburgh, Syracuse, Notre Dame, and Louisville. Until they are official members, what rights do they have in the interim?

It probably works this way, the current schools would be subjected to GOR and exit fee. The new schools would be subjected to the exit fee until July 1st (next year for Louisville) then the GOR also kicks in.

(05-04-2013 11:42 PM)Maize Wrote:  [b]The grant of rights extends any time a new TV contract is renegotiated.

I think this simply means that the GoR runs the length of the TV contract, and IF that contract is ever extended, the GoR is also extended to match. Nothing all that exciting.

(05-05-2013 07:44 AM)Hokie Mark Wrote:  

(05-04-2013 11:42 PM)Maize Wrote:  [b]The grant of rights extends any time a new TV contract is renegotiated.

I think this simply means that the GoR runs the length of the TV contract, and IF that contract is ever extended, the GoR is also extended to match. Nothing all that exciting.

Thanks for the clarification...

@Ourand_SBJ
ACC Commissioner John Swofford to SBJ: “We’re now in a position to accelerate talks with ESPN...about a network.” http://bddy.me/10gBddd