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The original was posted on /r/cfb by /u/lukaeber on 2023-07-31 08:23:13.
Keep seeing people in the media speculate that, if enough member schools agree, they could dissolve the ACC and eliminate the Grant of Rights problem. This is partially correct. It looks like a simple majority of ACC members could dissolve the conference. Dissolution would not get rid of the GOR though, and would be disastrous for any school thinking they could just walk away from the conference.
The GOR transferred each school’s media rights to the conference. Those rights, therefore, are an asset that belongs to the conference. Dissolving the conference doesn’t make the GOR disappear, or cause the rights to revert to the member schools. Upon dissolution, the ACC would still retain all of its assets (including all of the media rights), but would only be allowed to operate to the extent necessary to preserve and liquidate those assets. The conference has a long term contract with ESPN allowing ESPN to rely on those rights to broadcast sporting events. If school leave, even upon ACC dissolution, the ACC would continue to own those school’s media rights and ESPN would continue to have a contractual right to broadcast those school’s games. The revenue from ESPN, though, would belong to the ACC, not the schools.
Tl;dr - ACC dissolution doesn’t solve the GOR problem at all.