The Florida State board of trustees voted unanimously Friday to file suit against the ACC to challenge the legality of both the league's grant of rights and $130 million withdrawal fee, a necessary first step to plot its future and potential exit from the conference.
"I believe this board has been left no choice but to challenge the legitimacy of the ACC grant of rights and its severe withdrawal penalties," board chairman Peter Collins said. "None of us like being in this position. However, I believe that we have exhausted all possible remedies within the conference and we must do what we believe is best for Florida State not only in the short term, but in the long term."
The university alleges the grant of rights and withdrawal fees violate Florida Statutes in restraint of trade and alleges breach of contract and breach of fiduciary duty with respect to the mismanagement of the ACC's longstanding multimedia rights deal with ESPN.
Florida State is now in unprecedented territory. No school has ever challenged a grant of rights in court.
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I’m old enough to remember when FSU had the chance to choose between joining the ACC and the SEC and chose the ACC because they knew they could (would) dominate that conference for awhile in football…
www.espn.com
"I believe this board has been left no choice but to challenge the legitimacy of the ACC grant of rights and its severe withdrawal penalties," board chairman Peter Collins said. "None of us like being in this position. However, I believe that we have exhausted all possible remedies within the conference and we must do what we believe is best for Florida State not only in the short term, but in the long term."
The university alleges the grant of rights and withdrawal fees violate Florida Statutes in restraint of trade and alleges breach of contract and breach of fiduciary duty with respect to the mismanagement of the ACC's longstanding multimedia rights deal with ESPN.
Florida State is now in unprecedented territory. No school has ever challenged a grant of rights in court.
—————
I’m old enough to remember when FSU had the chance to choose between joining the ACC and the SEC and chose the ACC because they knew they could (would) dominate that conference for awhile in football…
'Left no choice': FSU suing ACC over exit fee
Florida State is suing the ACC over the league's grant of rights and $130 million withdrawal fee, becoming the first school to challenge a grant of rights in court.
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