|
Replies: 12
| visibility 1,043
|
Orange Blooded [3099]
TigerPulse: 96%
Posts: 8900
Joined: 1/24/07
|
not a lawyer but i have seen mention about if any acc...
Sep 14, 2012, 11:22 AM
|
|
Team wanted to leave the conference now the 50 mil exit fee could be negotiated once lawyers got involved. Wouldn't voting on the 50 mil make it almost impossible to get out of?
|
|
|
|
 |
Oculus Spirit [94306]
TigerPulse: 100%
Posts: 95551
Joined: 12/25/09
|
It would make it expensive.
Sep 14, 2012, 11:26 AM
|
|
I think the commitment was worth more than 50 million. It's priceless for those who signed it.
If Clemson or FSU wanted to go to the Big 12 and they wanted one or both of us the money would be the least of the problem.
|
|
|
|
|
|
All-In [30593]
TigerPulse: 99%
Posts: 28685
Joined: 8/17/05
|
an exit fee doesn't mean anything in the scheme of things
Sep 14, 2012, 11:28 AM
|
|
it is negotiable, and anyone leaving the ACC would not be paying $50 mil.
The thing that is not negotiable is an "Grant of Rights". If everyone in the ACC was happy with the deal, then why not sign a GOR for "x" amount of years?
|
|
|
|
|
|
110%er [8009]
TigerPulse: 100%
Posts: 7960
Joined: 6/30/00
|
A GOR is just as negotiable as a buyout.
Sep 14, 2012, 11:38 AM
|
|
One is not more concrete than the other.
One of the reasons no GOR was signed is because it is tied into the TV contract. The ACC TV contract will be revisited with the addition of ND.
|
|
|
|
|
|
All-In [30593]
TigerPulse: 99%
Posts: 28685
Joined: 8/17/05
|
I'm not sure of the details... but I would think
Sep 14, 2012, 11:46 AM
|
|
A GOR specifically says... "we own your TV rights if you leave".... hence "granting the rights".
An exit fee is paid and it's done
|
|
|
|
|
|
110%er [7980]
TigerPulse: 100%
Posts: 22420
Joined: 2/27/02
|
|
|
|
|
|
Heisman Winner [108390]
TigerPulse: 100%
Posts: 64974
Joined: 2/25/06
|
|
|
|
|
|
All-In [30593]
TigerPulse: 99%
Posts: 28685
Joined: 8/17/05
|
I agree... but I would think there would be less
Sep 14, 2012, 11:48 AM
|
|
"wiggle room" in a GOR... simply b/c you have agreed to turn your TV rights over.
For example, the ACC knows they will continue to make money, so they will not negotiate. (unless it's huge)
|
|
|
|
|
|
All-In [25436]
TigerPulse: 100%
Posts: 14709
Joined: 11/3/11
|
I have a suspicion that now ND is involved, unless there
Sep 14, 2012, 11:28 AM
|
|
is a mass mutiny the ACC would hold fast to the $50 million buy-out. I doubt it was more than a coincidence that the deal was announced along with the new buy-out. Then again, I doubt the ACC would want a long, drawn-out battle with adverse publicity, so that would probably allow for some "wiggle" room.
|
|
|
|
|
|
Oculus Spirit [94306]
TigerPulse: 100%
Posts: 95551
Joined: 12/25/09
|
Re: I have a suspicion that now ND is involved, unless there
Sep 14, 2012, 11:32 AM
|
|
I actually think the entire thing was designed to get a firm commitment from ND and discourage them from entertaining other offers. In turn we made a commitment to them to become stable after the 'talk,' this past six months.
|
|
|
|
|
|
Fan [54]
TigerPulse: 18%
Posts: 210
Joined: 8/18/03
|
Does the Buy out apply to ND as well?***
Sep 14, 2012, 11:31 AM
|
|
|
|
|
|
|
|
Oculus Spirit [94306]
TigerPulse: 100%
Posts: 95551
Joined: 12/25/09
|
That's none of your business, coot. Go home.***
Sep 14, 2012, 11:32 AM
|
|
|
|
|
|
|
|
Head Coach [757]
TigerPulse: 72%
Posts: 1487
Joined: 5/23/12
|
ACC is locked in now...
Sep 14, 2012, 11:41 AM
|
|
Ain't nobody going anywhere!
|
|
|
|
|
|
Replies: 12
| visibility 1,043
|
|
|
50
