Report: ACC Exit Fees to Drop As Part of FSU, Clemson Lawsuit Settlement

The ACC is finalizing a settlement with Florida State and Clemson that will end the litigation between the two programs and the conference.
Per ESPN's Andrea Adelson, one of the key details in the settlement will see exit fees reduced by $18 million each year through the 2029-30 academic year.
Adelson noted at that point, the ACC exit fees will drop to $75 million and any departing school will retain its media rights.
The Florida State board of trustees filed a lawsuit against the ACC in December 2023, citing "years of mismanagement" and "draconian" exit fees that resulted in member schools being deprived of millions of dollars that has left them "behind other Power Four schools in the competition for educational advancement and to appear in elite athletic championships."
Clemson filed a separate lawsuit in May 2024. The university noted it was seeking "confirmation of the plain language found in the Grant of Rights agreements and the related media agreements between the ACC and ESPN—that these agreements, when read together, plainly state that Clemson controls its media rights for games played if it is no longer a member of the ACC."
ESPN recently picked up its option to continue as a broadcast partner with the ACC through 2036. The two sides originally signed a new media rights agreement in October 2016 that included a deal to launch the ACC Network in 2019.
In the time since that deal was agreed upon, the Big Ten, SEC and Big 12 have signed new media rights agreements. The ACC will receive a total of $4.8 billion from ESPN over 20 years as part of its deal. The SEC is receiving $6 billion from ESPN over 10 years. The Big 12 receives $2.6 billion over 13 years from ESPN and Fox Sports. The Big Ten will earn $7 billion over seven years in deals with Fox, CBS and NBC.
Thamel noted the original ACC exit fee was three times the conference's entire operating budget of $140 million.
Adelson, David Hale and Pete Thamel reported on Monday that Florida State, Clemson and the ACC were nearing a settlement.
Even though there's been nothing to indicate that Florida State or Clemson are leaving the ACC anytime soon, the 2029-30 date for reduced exit fees could be a hint that either or both are plotting an exit strategy.
The Big Ten's seven-year media rights deal with Fox, CBS and NBC runs through the 2029-30 academic year, so it will be negotiating a new deal well ahead of that time.
We just saw as the Big Ten, Big 12 and SEC were all going through their round of media rights negotiations, the volume of realignment across college sports was unlike anything that has ever happened.
Oklahoma and Texas left the Big 12 to join the SEC last year. The Big Ten added USC, UCLA and Washington from the Pac-12. Arizona, Arizona State, Colorado and Utah went to the Big 12 from the Pac-12.
The ACC brought in California, SMU and Stanford. Clemson is one of the original founding members of the ACC, having played in the conference since 1953. Florida State joined in 1991.