Florida State exploring a possible ACC exit was a curious transfer. In spite of everything, ought to the varsity even discover a strategy to skirt across the convention’s grant of rights settlement, there’s not a transparent path to wrangle itself into a better payday within the SEC or Huge Ten.
Insiders don’t consider including Florida State to a kind of conferences makes a lot sense, financially, regardless of this system’s sturdy model. The Seminoles, by themselves, usually are not price messing with the $60 million being handed out in income to SEC faculties nor the $75 million getting paid out to Huge Ten establishments.
That dialogue has not solely modified, however Clemson becoming a member of its convention rival in submitting a lawsuit in opposition to the ACC this week — difficult the grant of rights — has given new life to a different potential spherical of realignment.
Florida State and Clemson are a dynamic duo that might probably set off one other shake-up throughout the school sports activities panorama. If the ‘Noles and Tigers are deemed unworthy of Huge Ten or SEC membership, even perhaps the Huge 12 exhibits curiosity.
In December, I wrote that Florida State extracting itself from the ACC felt like a 5-10 yr course of. Now, you possibly can maybe transfer that timeline up a bit since there are two saber-rattling faculties difficult the league. It appears solely a matter of time earlier than the three sides come to a negotiated decision within the nine-figure vary.
Florida State and Clemson really feel they will, at worst, purchase their approach out of the present ESPN media rights deal that runs via 2036. The penalty to depart the convention would in all probability be rather less than the $572 million determine Florida State directors calculated throughout a December 2023 assembly.
It is clear Florida State and Clemson do not need to be within the ACC. The three events will co-exist, however they will not prefer it. Now, consideration turns as to if the convention’s financials can stand up to the warmth in the long run because the league has countersued each faculties.
Each faculties should formally go away the ACC earlier than talks can start with one other convention. If not, get aware of the phrase “tortuous interference,” which is a elaborate authorized time period for tampering. You’ll be able to wager ACC commissioner Jim Phillips has warned his Energy 4 friends to put off unlawful pursuits.
How far does this go with no clear course for the insurgents? Sources informed CBS Sports activities there’s approach an excessive amount of credit score being given to boosters, presidents and regents/trustees who’re fueling this motion. The idea, nevertheless, is that they know what they’re doing.
Maybe they do not, although. It is one factor to get out of the ACC; it is one other to discover a new residence in a well timed method that makes monetary sense in the long run.
Regardless, we’re witnessing a gradual separation of the haves and have nots. ESPN and Fox participated by offering the impetus behind Texas and Oklahoma transferring to the SEC, whereas USC, UCLA, Washington and Oregon quickly adopted go well with set to turn into Huge Ten members in 2024.
The up to date School Soccer Playoff income distribution mannequin was one other indicator of the SEC and Huge Ten’s reign because the ruling class in school soccer. Starting with the new CFP media rights contract in 2026, Huge Ten faculties will probably be making a complete of near $100 million every, whereas the SEC will probably be someplace round $80 million.
Essentially the most important separator, nevertheless, will probably be inevitable settling of ongoing antitrust lawsuits in opposition to the NCAA and Energy 5 conferences.
Florida State and Clemson have made their intentions identified, however who’s subsequent?
“When you have 5 or 6 different faculties file an analogous lawsuit, it is type of like a pack of hyenas going after a lion,” an ACC supply informed CBS Sports activities.
What’s subsequent in potential realignment?
Huge-picture lookahead: Not a lot has modified because the U.S. Supreme Courtroom deregulated school soccer tv in 1984. The large winners from that call have been the Huge Ten, SEC and Notre Dame, all of whom had the juice to barter their very own tv offers. These three titans shortly capitalized and have probably the most profitable TV offers to today. FSU and Clemson need into that unique membership. If the fee is destabilizing the ACC, properly, we already stay in a me-first society that’s mirrored by the me-first nature of faculty athletics.
It is turn into clear that rights holders worth matchups and rivalries. Attempt to identify a conventional soccer rivalry recreation that the SEC and Huge Ten do not have at this level. Florida State-Clemson is without doubt one of the few solutions. Miami-Florida State could be one other. Aside from these two, few aren’t residing beneath their umbrellas.
That is why Florida State and Clemson collectively means a lot. Not counting playoff or bowl video games, rivalries accounted for 10 of the 11 highest-rated matchups final season. The one one not owned by the SEC or Huge Ten — because the leagues will take care of realignment in July 2024 — was Colorado-Colorado State. That, nevertheless, was pumped up by the Deion Sanders phenomenon.
If FSU and Clemson be part of the Huge Ten or SEC collectively, would that be sufficient to maneuver the dial? Sources informed CBS Sports activities that it is uncertain — at the least within the close to time period.
What we’re left with is a rising group of ACC faculties that additionally need out. Because the ACC has continually reminded, these faculties signed a 20-year contract in good religion with ESPN in 2016. The nearer we get to expiration in 2036, the nearer we get to the subsequent spherical of realignment.
FSU and Clemson are enticing manufacturers. They’re simply not enticing manufacturers proper now. The SEC has once more determined to play eight convention video games in 2025. If it ever strikes to 9, to illustrate in 2026, the league will ask ESPN to be compensated for the additional recreation earlier than contemplating the ‘Noles and Tigers as enlargement candidates.
In February 2025, ESPN can decide up an choice on the ACC contract from 2027-36. Barring a authorized maneuver that advantages FSU and Clemson within the subsequent 11 months, it is exhausting to ascertain the community not making that transfer. Preserving the ACC collectively on the present worth (simply north of $40 million per staff earlier than CFP income) supplies price certainty, which is what the cable giants need.
The AAU concern: FSU and Clemson usually are not AAU faculties, which can or will not be a dealbreaker for the Huge Ten. The league crowed about including Nebraska from that elite tutorial membership in 2011. A month later, Nebraska turned the primary faculty within the AAU’s century-plus historical past to be kicked out.
Who might be subsequent? If the ‘Noles and Tigers extricate themselves, the aforementioned “hyenas” will probably comply with. With compelling authorized blueprints difficult the grant of rights rising, different ACC faculties are assured to be watching these proceedings carefully.
North Carolina could be excessive on any checklist — even perhaps forward of Florida State and Clemson. The UNC model is among the many most recognizable in sports activities. It was extremely desired when Jim Delany was Huge Ten commissioner, considered as probably the most highly effective determine in school sports activities. It could be desired in each the SEC and Huge Ten as we speak.
Miami suits within the Huge Ten as an AAU faculty, however most of its soccer historical past is approaching historic standing. May the Hurricanes’ inconsistency on the sector price them a spot on the big-boy desk? The SEC is already within the Sunshine State with Florida. Why wouldn’t it need Florida State? Once more, there is no assure these sad within the ACC would land within the Huge Ten or SEC.
Battle of the titans: The continuing media rights rivalry between ESPN and Fox should be thought of amid realignment discuss. The stakes have by no means been larger for the networks tied primarily to the Huge Ten (Fox — video games additionally airing on CBS and NBC) and fully to the SEC (ESPN) on the high of the meals chain. Additional realignment threatens to upset the steadiness in what’s mainly turn into an AFC vs. NFC dynamic. Sure, they’re that highly effective. ESPN has the whole state of South Carolina (Clemson, South Carolina) and Florida (Florida, Miami, FSU) on its air for soccer. Why wouldn’t it need to cede a part of these viewing areas to Fox in realignment?
Networks do not need to reward faculties for bailing out of their convention agreements, both. Texas, Oklahoma, USC and UCLA initially introduced their intentions to depart on the finish of their convention offers, whereas FSU and Clemson are suing greater than a decade earlier than their expiration dates. No community desires to be perceived as breaking apart the ACC.
CFP deal ready for realignment: FBS commissioners noticed match to insert language within the new CFP deal that permits for a contract “look-in” in 2028 ought to there be any “materials” realignment. “Materials” is presently undefined, however by any definition, FSU and Clemson altering conferences would trigger the contract to be reopened and income distribution to be recalibrated.
We’d as properly consult with this “materials” language because the Florida State Clause. Commissioners thought sufficient to reopen the deal at any time if main realignment occurred earlier than 2028, a yr by which there’s already the look-in written into the contract. The Florida State Clause at the least exhibits the commissioners’ consciousness that radical realignment might come sooner.
ACC composition: The principle motive the ACC expanded final yr was in preparation for this kind of second. The convention composition clause within the league’s ESPN contract states the community can renegotiate if membership dips under 15 faculties. That is why SMU, Stanford and California have been invited to hitch in 2024.
The league will increase to 17 faculties with these additions this season. Notre Dame is a member in all sports activities however soccer and hockey. Consider these three as a firewall in opposition to any defections. If the quantity dips under 15, ESPN might assert the remaining members of the ACC aren’t well worth the authentic price ticket. That might sign the convention’s demise.
Huge 12 choice: Whereas the purpose for FSU and Clemson is to hitch the Huge Ten or SEC, the Huge 12 might function a fallback plan. But when the ‘Noles and Tigers aren’t price that $60 million per yr quantity for the SEC, which appears to be the minimal cowl cost to make a transfer, why would they take much less cash simply to depart the ACC?
A Huge 12 union appears doable if rightholders could be prepared to extend the worth of the league’s media rights settlement; its groups are presently set to earn $32 million per yr, lowest among the many Energy 4. That is a income hole of $28 million with the SEC and $43 million with the Huge Ten.
Scheduling settlement with Huge Ten, SEC: One business supply informed CBS Sports activities a scheduling settlement between the Huge Ten and SEC might be a longshot choice on the desk for Florida State and Clemson. However that will be stepping away from the assured cash — regardless of how small the determine — within the ACC to turn into de facto independents.
Notre Dame has its scheduling settlement with the ACC as a result of it wanted entry to bowls when the CFP debuted in 2014. The Combating Irish additionally make someplace between $60 million to $75 million in its mixed NBC and ACC offers. Pac-12 castoffs Oregon State and Washington State are attempting this on a smaller scale with the Mountain West.
FSU and Clemson are looking for extra than simply relevancy. They need to make a transfer that gives monetary safety for many years.
Non-public fairness angle: Florida State has been public about its relationship with personal fairness corporations that will finance a transfer out of the ACC. The issue is that personal fairness corporations need a return on funding (ROI) sometimes within the space of 10% to 12%. It is one factor to purchase out of the ACC, which is a pure expense, however It is one other to make sufficient cash in a brand new convention to repay the personal fairness associate. These corporations might sooner or later personal the FBS. For now, it is exhausting to ascertain SEC commissioner Greg Sankey taking orders from anybody.
Looming authorized menace: Additional realignment needs to be accompanied by an enormous warning signal for the Huge Ten and SEC, which should steadiness their huge energy after CFP income distribution was finalized. Collectively, they’re getting 58% of the CFP income starting in 2026, however in addition they management a a lot larger proportion of TV rankings, attendance and fan curiosity.
If the Huge Ten and SEC are perceived to have any affect on FSU and Clemson leaving the ACC for his or her leagues, antitrust implications popping out of Washington, D.C. might quickly comply with.
“At what dimension are you too huge that Division of Justice appears at you cross eyed [meaning] you management an excessive amount of market dimension?” one business supply informed CBS Sports activities.