The reason Florida State has not left the ACC, as it becomes clear there isn’t going to be a change in revenue structure coming, is a large exit fee (that equates to three times the revenue earned the year prior to departure) and a grant of media rights that runs through 2036.
At a Board of Trustees Meeting on Wednesday, FSU president Richard McCullough called the school’s situation “an existential crisis.”
On Friday, Sportico reported that FSU is looking into a unique way to raise funds:
“Florida State University is working with JPMorgan Chase to explore how the school’s athletic department could raise capital from institutional funds, such as private equity, according to multiple people familiar with the plans.