Florida State and Clemson will vote Tuesday on an agreement that would ultimately result in the settlement of four ongoing lawsuits between the schools and the ACC and a new revenue-distribution strategy that would solidify the conference's membership for the near future, sources told ESPN on Monday.
According to sources, the settlement includes two key objectives: establishing a new revenue-distribution model based on viewership and a change in the financial penalties for exiting the league's grant of rights before its conclusion in June 2036.
Top earners are expected to net an additional $15 million or more, according to sources, while some schools will see a net reduction in annual payout of up to about $7 million annually, an acceptable loss, according to several administrators at schools likely to be impacted, in exchange for some near-term stability.
Clemson and Florida State would be among the biggest winners of this brand-based distribution, though North Carolina and Miami are others expected to come out with a higher payout.
Basketball ratings will be included in the brand initiative, too, but at a smaller rate than football, which is responsible for about 75% of the league's TV revenue.
The brand initiative is expected to begin for the coming fiscal year.
According to sources, the settlement includes two key objectives: establishing a new revenue-distribution model based on viewership and a change in the financial penalties for exiting the league's grant of rights before its conclusion in June 2036.
Top earners are expected to net an additional $15 million or more, according to sources, while some schools will see a net reduction in annual payout of up to about $7 million annually, an acceptable loss, according to several administrators at schools likely to be impacted, in exchange for some near-term stability.
Clemson and Florida State would be among the biggest winners of this brand-based distribution, though North Carolina and Miami are others expected to come out with a higher payout.
Basketball ratings will be included in the brand initiative, too, but at a smaller rate than football, which is responsible for about 75% of the league's TV revenue.
The brand initiative is expected to begin for the coming fiscal year.
