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Replies: 17
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Orange Beast [6302]
TigerPulse: 100%
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Maryland Exit Fee
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Mar 21, 2024, 9:01 AM
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In 2014, Maryland paid 31 million dollars exit fee to the ACC. That amount today is equivalent to approximately 41.7 million dollars. The precedent has already been set with Maryland. Clemson needs to hang in there and see this case through. You cannot force someone to commit suicide. Not only is the ACC wanting to force Clemson to suffer a slow, painful suicide, the league is providing the gun by acting in bad faith (recent CFP money agreement). All it takes is one judge to force this thing up to the Supreme Court. In all of the league documents and emails, there will be something to help Clemson. If Swofford’s son did profit in a way to hurt the conference schools, Clemson wins.
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All-TigerNet [12943]
TigerPulse: 100%
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I think Clemson gladly pays an exit fee without blinking... the issue is
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Mar 21, 2024, 9:03 AM
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retaining our media rights. That's the purpose of the filing and the asking for a declaratory judgement.
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Orange Beast [6302]
TigerPulse: 100%
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Re: I think Clemson gladly pays an exit fee without blinking... the issue is
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Mar 21, 2024, 9:16 AM
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Maryland took their media rights with them. The league had a media rights deal in place when Maryland left and was amended in 2016.
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Orange Blooded [2295]
TigerPulse: 100%
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That hits on the part I don't understand (one of many parts, actually)
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Mar 21, 2024, 9:49 AM
[ in reply to I think Clemson gladly pays an exit fee without blinking... the issue is ] |
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If we're simply asking for a declaratory judgment -- and it appears we are -- why is the ACC countersuing us for financial damages?
Appears to me we're just asking for them to provide us with information. And if their response is not just "No," but "No and we're going after you for financial damages," then they REALLY must not want the info to be made public.
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All-TigerNet [12943]
TigerPulse: 100%
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that's my feeling too.. it sounds like desperation on the part of the ACC
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Mar 21, 2024, 9:51 AM
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They know the valuation of Clemson, FSU, and UNC is substantially more than the conference negotiated.
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Orange Blooded [2236]
TigerPulse: 100%
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Re: That hits on the part I don't understand (one of many parts, actually)
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Mar 21, 2024, 10:08 AM
[ in reply to That hits on the part I don't understand (one of many parts, actually) ] |
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You know the ACC has to counter sue against Clemson just as they are doing against FSU. The ACC got screwed up when Swofford did all of this trash stuff years ago. I would be surprised if the Tarheels sue also because they are also a charter member and Swofford years ago was their AD.
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CU Guru [1209]
TigerPulse: 89%
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Legend [6818]
TigerPulse: 100%
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Re: Thats exactly what will happen. A reduced exit fee settlement.
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Mar 21, 2024, 10:03 AM
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The exit fee is not the problem.
The decade+ remaining on the GOR is the problem.
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Top TigerNet [31659]
TigerPulse: 100%
55
Posts: 18188
Joined: 2008
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^^^^^^^This
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Mar 21, 2024, 10:09 AM
[ in reply to I think Clemson gladly pays an exit fee without blinking... the issue is ] |
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That is PRECISELY the point. By forcing discovery, at a minimum we will put daylight on the horrible media deal Swofford put together. As of now, nobody has been allowed to see the details. Retaining our media rights is the first (and most important) step we need to take before any serious exit discussions can occur.
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Legend [6818]
TigerPulse: 100%
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Re: Maryland Exit Fee
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Mar 21, 2024, 9:05 AM
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Maryland's exit is what drove the ACC to establish the new exit/GOR deal.
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All-American [592]
TigerPulse: 96%
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Re: Maryland Exit Fee
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Mar 21, 2024, 9:21 AM
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Clemson and all ACC schools have been agreeing to the GOR deal every year when they cash the GOR check they get. When they do that, they are putting a gun to their head. ACC isn't making them cash that check.
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Legend [6818]
TigerPulse: 100%
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Re: Maryland Exit Fee
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Mar 21, 2024, 9:27 AM
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What?
So if we don't cash the check, we can just leave? Not how it works.
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All-American [592]
TigerPulse: 96%
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Re: Maryland Exit Fee
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Mar 21, 2024, 9:41 AM
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When you cash the check you've agreed to the terms of the deal. Thats how it works. If your plumber fixes your toilet and accepts your payment then its a done deal. This is contract 101.
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Legend [6818]
TigerPulse: 100%
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Re: Maryland Exit Fee
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Mar 21, 2024, 9:48 AM
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This is not a toilet install. When we signed the contract, we agreed to the deal. "Not cashing the check" is not a way out.
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Standout [218]
TigerPulse: 100%
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Re: Maryland Exit Fee
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Mar 21, 2024, 9:51 AM
[ in reply to Re: Maryland Exit Fee ] |
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There is no GOR check. The check is from revenue sharing which would exists with or without a GOR.
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All-American [592]
TigerPulse: 96%
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Re: Maryland Exit Fee
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Mar 21, 2024, 9:23 AM
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Regarding Maryland's leaving that had more to do with Jim Delaneys brass balls hood winking the networks into buying that Maryland was worth millions more than they actually were.
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Campus Hero [14067]
TigerPulse: 100%
48
Posts: 23297
Joined: 2004
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The exit fee settlement is generally based upon the remaining value
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Mar 21, 2024, 9:38 AM
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of the media rights agreement, which i believe is currently MUCH larger for Clemson than it was for Maryland when they left.
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Campus Hero [13677]
TigerPulse: 100%
48
Posts: 14830
Joined: 2010
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Re: Maryland Exit Fee
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Mar 21, 2024, 10:09 AM
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I think Maryland's fee was settled for almost half of the original 50m + range.
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Replies: 17
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