Credit: absent84/ Adobe Stock Clemson University, Atlantic Coast Conference Battle Over $140M Exit Penalty, Media Rights
The university also asked the court to declare the ACC's $140 million penalty to any university leaving the conference void by public policy and legally unenforceable. Clemson said the penalty imposes a nonexistent fiduciary duty on not only the university, but all conference members.
March 21, 2024 at 05:05 PM
3 minute read
What You Need to Know
- Atlantic Coast Conference filed a countersuit in North Carolina court Wednesday night.
- The suit came after Clemson University filed a suit in South Carolina court Tuesday asking the court to define the scope of the conference's media rights.
- The university claims the $140 million withdrawal penalty the ACC imposes on member schools attempting to leave the conference is legally unenforceable and voided by public policy.
The Atlantic Coast Conference responded Wednesday to Clemson University's recent lawsuit seeking a declaration of certain media rights for its athletics programs by filing a 133-page countersuit for its enforceable contract.
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