UNC has hired 3 New York law firms with lawyers at $2,000+ hour to get them out of it; and the opinion back was it can’t be done absent a $65 million per year exit fee for each year through 2035. The only way a school could afford it is if each school in the accepting conference kicks in to pay the exit fee of the departing school wishing to join the new conference. No schools in the accepting conference has publicly announced an interest in doing so (and is especially unlikely in SEC or Big10 where the optics and policy of state schools spending that kind of money on another institution is awful). Like it or not, the ACC’s GOR is iron clad.
That grant of rights deal is key here.
The Grant of Rights agreement is written permission from an institution to relinquish control of television rights for the duration of the deal. The ACC’s deal is set to expire in 2036. If you leave the ACC, you forfeit the television earnings. So, when you total what a school might make off its ACC television payout, you’re talking hundreds of millions of dollars someone would kiss goodbye.