Or they have to raise the money like SMU did.
As to payouts, if the amount as quoted for 2023 was near to the estimated max of ~$47M per team, then an additional $7M per team would put the ACC at $54M per team - without any increase in media revenue. It should rise for 2024 due to the expanded CFP.
agree… but if they raise the money, why would they not buy back the rights and pursue a full share of the media deal wherever they go?
This is where their math never worked. They started with the premise that the ACC’s paltry $35m deal was going to be tripled by the BIG $100m deal. This was based on a snapshot of yesterday vs. a 10 year projection.
We don’t know if the projection is true, but we do know the ACC deal is not stagnant. As you corrected, it has grown considerably since they started this narrative.
At any rate, I don’t see them paying a $120-$130m exit fee to leave $47m annually and their media rights behind. Whatever partial share they get in a new conference with their restricted media rights is probably less than the $47m they sacrifice annually… and they would’ve paid $120m to do it.
If they’re serious about going, they have to negotiate a clean break and get their media rights in the process. Otherwise, it just doesn’t make any sense to leave.
At this point I almost feel like their legal shenanigans are just to fire up boosters.