Reports: ACC settlement with Clemson, FSU could bring revenue hike

Florida State and Clemson called meetings for Tuesday where university officials are expected to approve an agreement with the ACC to settle four ongoing lawsuits and implement a new revenue distribution model, according to multiple reports Monday.The league board of directors as well as the boards of each school must agree to the settlement to move forward, and it’s expected that will happen, per the reports. The ACC’s board of directors is also expected to vote Tuesday as part of its regularly scheduled meeting.If approved, the settlement would keep the ACC’s 18-member league through 2036, when the league’s Grant of Rights contract expires.The deal would address financial penalties for exiting the ACC’s grant of rights and establish a new revenue structure based on TV viewership, or brand-based distribution, according to the reports. The penalties for leaving the league would be reduced significantly.ACC presidents are expected to vote on the framework of the settlement, with the boards of FSU and Clemson to follow, per the reports.

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