ACC presidents are scheduled to meet Monday night and formally vote on adding Stanford, Cal and SMU, per a league source.
The finances would be key to final approval: Multiple conference sources said SMU is willing to accept no ACC media rights revenue for at least seven years, and Stanford and Cal are willing to join as partial members receiving around 30 percent of a revenue share initially, freeing up a pool of more than $70 million of new money to be distributed among members starting in 2024-25.
The ACC invitations would be important lifelines for Cal and Stanford, whose options were extremely limited after six Pac-12 schools left the league this summer. They had been holding out hope for the ACC, despite running into roadblocks in recent weeks. The league needed 12 of 15 members to support expansion, but a straw poll taken mid-August showed 11 yeses and four dissenters.
As part of the ACC’s long-term deal with ESPN, the network must pay a pro-rata share for any new members. Per the ACC’s 2021-22 tax return, the league made $443 million in TV revenue, the equivalent of $29.5 million per school, a number expected to rise modestly each year. With the three new potential members taking far less than their full shares to start, that frees up money the ACC can pool together and treat as a new revenue source.
That pool of money is expected to be used to reward schools for on-field performance in a new revenue-distribution system, helping the schools that invest heavily in football (such as
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