(06-19-2014 09:51 AM)ohio1317 Wrote: (06-19-2014 08:58 AM)adcorbett Wrote: Grant of rights means you leave your rights behind for the duration. It does not mean you leave them behind without payment. In that regard, had this hypothetical happened, and PSU joined the ACC, they would still receive their share of Big Ten TV money, if the B10 were to keep their games. That is part of the deal. As that is not ideal for the B10, as you stated, they'd have to buy out PSU. Hence why Delaney, at least publicly, took the threat as real, and was not like the Big 12 people who think the GOR is somehow solves everything. If you are a middling team, the GOR is a lot more binding than if you are a big dog, who can afford to just take the old payments, then be a road draw in its new locale until the GOR is up.
I disagree. The Big 12 GoR have contracts came out at some point and a school forfeits conference conference revenue by leaving the conference but grant of rights is still in effect.
Now practically speaking, the old conference cannot force their way onto the campus to broadcast games and the most likely result they'd take would be simply not to air them. The contracts with the networks are for schools in the conference. If a school leaves, they aren't part of the conference.
Now not airing a schools home games would seem a big waste of money, but that's the leverage the GoRs give you. If someone leaves, they are getting no TV money for home games until the new conference agrees to buy out the old conferences rights. With these big schools, the net worth of those rights for decade plus are worth far, far more than any of the exit penalties we've seen anyone pay. That's why GORs are effective (until you get to the last couple of years and then they more like normal buy-outs).
It's not the GOR contracts that show the schools forfeit their money. It's the conference bylaws. It's an interesting combination of the GOR and the bylaws that provide the handcuffs.
Now, whether the bylaws would stand up to that, the ability to withhold the revenue from the school's TV rights without compensation, that's a different story. I don't think that's ever been tried. Even though the ACC is withholding MD's money, they're doing it as payment against the buyout.
The Big 12 bylaws have a huge buyout as well (two years revenue...so about $40-50M depending on Big 12 payouts) PLUS they say the school forfeits all revenue. Basically, the school forfeits all revenue, AND is supposed to write a check.
That is untested ground, and I don't think is tested by the ACC-MD thing at all, because the MD withholding is supposed to be applied to the buyout.
IF it can be made to stand, that's pretty much unbreakable, but I'm not sure it can.
In reality, however, I agree to those who say it is a lot more restrictive to WVU and Kansas than TX and OU. If Texas and OU decided to leave, especially with a couple friends, the Big 12 is effectively dead. They'd have their TV contracts whittled way down based on composition clauses.
At that point, everyone will be just trying to land the best deal they can, and will want to be unencumbered to do so, probably trying to figure out a way to combine to make a power five conference out of the remnants and the AAC or MWC.
It's just not realistic that say TCU, Baylor, ISU, and KSU are going to be able to invite six MWC or AAC schools, keep collecting $20M per year PLUS the departing schools rights, hold the Sugar Bowl spot etc. It's just not going to happen, the networks themselves wouldn't pay that price for that product.
If TX and OU left, the whole thing get's ripped up, because it's just not a viable conference anymore, whether Baylor wants it to be or not.
That said, Texas isn't going anywhere because it's got everything it wants and needs. Oklahoma is the one that could make some waves, because they could put some pressure on TX, but I don't see any indication that they would do so. It's not like the Big 12 is a problem for them.
I think the Big 12 is stable.