Florida State’s board of trustees unanimously approved filing a lawsuit against the ACC over the conference’s grant of rights the school signed in 2016. FSU made the news official on Friday after the board met in the morning.
In order for Florida State to leave the ACC before 2036, the school would have to pay a $130 million withdrawal fee, a timeline that coincides with the conference’s media deal with ESPN. However, the ACC has threatened to charge any school that wants to leave over $500 million in penalties to also include loss of TV revenues and other fees through its grant of rights contract, the school says.
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