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“Mismanaging media rights, ‘draconian’ exit fees:” Details of FSU Board of Trustees lawsuit vs. the ACC

Florida State University took its first steps in separating from the ACC on Friday, December 22, with the Board of Trustees filing a lawsuit against the conference that alleges antitrust and breach of contract, amongst other charges.

“The underperformance by the ACC has ramped up dramatically in just the last few years,” FSU Board of Trustees Chairman Peter Collins said in a statement. “The ACC has also unfairly — and we believe illegally — sought to prevent members from exploring their fundamental right to withdraw by threatening to impose an astounding and pernicious half-billion-dollar penalty. It’s simply unconscionable.