The Atlantic Coastal Conference is reportedly close to announcing a Grant of Media Rights deal with their member schools that would last through 2027.
BREAKING: Multiple DG sources says ACC will announce unanimous 15 school agreement extending Grant of Media Rights
— David Glenn Show (@DavidGlennShow) April 22, 2013
The deal mirrors those in place for the Pac-12 and Big-12, and it essentially puts an end to conference realignment.
A Grant of Rights means that, in part, a team that opts to leave a conference will forfeit their cut of television revenue. Television revenue has been the chief motivator for teams to switch conferences.
UPDATE 2:26 P.M- ACC releases official statement confirming Grant of Rights.
Greensboro, N.C. – The Atlantic Coast Conference Council of Presidents announced today that each of the current and future 15-member institutions has signed a grant of media rights, effective immediately.
“This announcement further highlights the continued solidarity and commitment by our member institutions,” said ACC Commissioner John Swofford. “The Council of Presidents has shown tremendous leadership in insuring the ACC is extremely well positioned with unlimited potential.”
“The ACC has long been a leader in intercollegiate athletics, both academically and athletically,” said the collective ACC Council of Presidents. “Collectively, we all agree the grant of rights further positions the ACC and its current and future member schools as one of the nation’s premier conferences.”
The ACC’s current and future 15-member institutions include:
Florida State University
Georgia Institute of Technology
University of Louisville
University of Miami
University of North Carolina
North Carolina State University
University of Notre Dame
University of Pittsburgh
University of Virginia
Virginia Polytechnic Institute & State University
Wake Forest University