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DUKE is Expansion Big 12 Addition as ACC Faces Lawsuits, ESPN Ends League Contract, Analyst Predicts

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The Florida State board of trustees unanimously decided to take legal action against the ACC, aiming to contest the legality of the league's grant of rights and the substantial $130 million withdrawal fee. This step is deemed necessary to navigate the school's future and explore the possibility of departing from the conference. A comprehensive 38-page lawsuit has been filed in the Leon County Circuit Court in Tallahassee, Florida, seeking a declaratory judgment against the ACC. The lawsuit argues that the grant of rights and withdrawal fee are "unreasonable restraints of trade in the state of Florida and not enforceable in their entirety against Florida State." The university alleges "chronic fiduciary mismanagement and bad faith" on the part of the ACC concerning its multimedia rights agreements, which have allegedly hindered revenue opportunities for its members. Additionally, Florida State accuses the ACC of breach of contract and failure to fulfill its obligations. Board chair Peter Collins stated, "I believe this board has been left with no choice but to challenge the legitimacy of the ACC grant of rights and its severe withdrawal penalties. None of us relish being in this position. However, I believe that we have exhausted all possible remedies within the conference, and we must prioritize what we believe is best for Florida State, not only in the short term but also in the long term." This move by Florida State marks uncharted territory, as no school has previously contested a grant of rights in court. ACC officials have previously touted the document as "ironclad," suggesting that its language is so stringent that it would effectively prevent schools from leaving. However, because no school has challenged the document in court before, its actual enforceability remains uncertain. Support Us By Supporting Our Sponsors! Monopoly GO! Get in the game and join your friends. Click HERE to Download MONOPOLY GO! now free on The App Store or Google Play. LinkedIn These days every new potential hire can feel like a high stakes wager for your small business. That’s why LinkedIn Jobs helps find the right people for your team, faster and for free. Post your job for free at LinkedIn.com/lockedoncollege. Terms and conditions apply. Gametime Download the Gametime app, create an account, and use code LOCKEDONCOLLEGE for $20 off your first purchase. FanDuel FanDuel, America’s Number One Sportsbook. Right now, NEW customers get ONE HUNDRED AND FIFTY DOLLARS in BONUS BETS with any winning GUARANTEED That’s A HUNDRED AND FIFTY BUCKS – win or lose! Visit FanDuel.com/LOCKEDON to get started. eBay Motors From brakes to exhaust kits and beyond, eBay Motors has over 122 million parts to keep your ride-or-die alive. With all the parts you need at the prices you want, it’s easy to bring home that big win. Keep your ride-or-die alive at EbayMotors.com. Eligible items only. Exclusions apply. eBay Guaranteed Fit only available to US customers. FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN)

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1352 episoade

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Manage episode 415915399 series 2885484
Content provided by Locked On Podcast Network and Drake Toll. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Locked On Podcast Network and Drake Toll or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

The Florida State board of trustees unanimously decided to take legal action against the ACC, aiming to contest the legality of the league's grant of rights and the substantial $130 million withdrawal fee. This step is deemed necessary to navigate the school's future and explore the possibility of departing from the conference. A comprehensive 38-page lawsuit has been filed in the Leon County Circuit Court in Tallahassee, Florida, seeking a declaratory judgment against the ACC. The lawsuit argues that the grant of rights and withdrawal fee are "unreasonable restraints of trade in the state of Florida and not enforceable in their entirety against Florida State." The university alleges "chronic fiduciary mismanagement and bad faith" on the part of the ACC concerning its multimedia rights agreements, which have allegedly hindered revenue opportunities for its members. Additionally, Florida State accuses the ACC of breach of contract and failure to fulfill its obligations. Board chair Peter Collins stated, "I believe this board has been left with no choice but to challenge the legitimacy of the ACC grant of rights and its severe withdrawal penalties. None of us relish being in this position. However, I believe that we have exhausted all possible remedies within the conference, and we must prioritize what we believe is best for Florida State, not only in the short term but also in the long term." This move by Florida State marks uncharted territory, as no school has previously contested a grant of rights in court. ACC officials have previously touted the document as "ironclad," suggesting that its language is so stringent that it would effectively prevent schools from leaving. However, because no school has challenged the document in court before, its actual enforceability remains uncertain. Support Us By Supporting Our Sponsors! Monopoly GO! Get in the game and join your friends. Click HERE to Download MONOPOLY GO! now free on The App Store or Google Play. LinkedIn These days every new potential hire can feel like a high stakes wager for your small business. That’s why LinkedIn Jobs helps find the right people for your team, faster and for free. Post your job for free at LinkedIn.com/lockedoncollege. Terms and conditions apply. Gametime Download the Gametime app, create an account, and use code LOCKEDONCOLLEGE for $20 off your first purchase. FanDuel FanDuel, America’s Number One Sportsbook. Right now, NEW customers get ONE HUNDRED AND FIFTY DOLLARS in BONUS BETS with any winning GUARANTEED That’s A HUNDRED AND FIFTY BUCKS – win or lose! Visit FanDuel.com/LOCKEDON to get started. eBay Motors From brakes to exhaust kits and beyond, eBay Motors has over 122 million parts to keep your ride-or-die alive. With all the parts you need at the prices you want, it’s easy to bring home that big win. Keep your ride-or-die alive at EbayMotors.com. Eligible items only. Exclusions apply. eBay Guaranteed Fit only available to US customers. FANDUEL DISCLAIMER: 21+ in select states. First online real money wager only. Bonus issued as nonwithdrawable free bets that expires in 14 days. Restrictions apply. See terms at sportsbook.fanduel.com. Gambling Problem? Call 1-800-GAMBLER or visit FanDuel.com/RG (CO, IA, MD, MI, NJ, PA, IL, VA, WV), 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ), 1-888-789-7777 or visit ccpg.org/chat (CT), 1-800-9-WITH-IT (IN), 1-800-522-4700 (WY, KS) or visit ksgamblinghelp.com (KS), 1-877-770-STOP (LA), 1-877-8-HOPENY or text HOPENY (467369) (NY), TN REDLINE 1-800-889-9789 (TN)

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