I wonder where the $72m number is coming from. ACC’s television rights were at nearly $31 million last year. Maybe $24m is the base contract, and the other $7m came from the ACCN? So would the withholding only be for the ESPN contract, and the increased ACCN fees from California and Texas get evenly distributed? Lots of questions, little to no answers at this time.
From the Dellenger article above:
Sources: ACC expansion talks still alive as leaders consider new financial proposal
-> The ACC’s television contract with ESPN includes a pro-rata clause requiring the network to increase the value of the deal by one Tier 1 share for every new member — believed to be about $24 million a share, or about 70% of a full ACC share, which includes Tiers 1-3.
The ACC would stand to earn about $72 million in new money with the three expansion shares. Cal and Stanford have agreed to each take about 30% of the $24 million share, or roughly $7-10 million. After Cal and Stanford’s share and travel costs are off-set (roughly $1-2 million per school), the ACC stands to earn at least $30 million in revenue to re-distribute, likely through an incentive pool based on athletic success.
The incentives are expected to be heavily weighted toward football success, including such things as winning championships, final top-25 rankings and bowl assignments. <-