The suit alleges ESPN gave the ACC an 'ultimatum' during the negotiation of the current deal in 2016 that there would be no further negations until the deal expires.

The unprecedented move takes aim at the so-called 'ironclad' grant of rights tethering members to the ACC through 2036 however, the media rights agreement with ESPN - the conference's media partner - runs through 2027 with a unilateral right to exercise a nine-year option through 2036. 'We have exhausted all possible remedies within the conference, and we must do what's best for Florida State not only in the short term, but in the long term,' said board chair Peter Collins during the one-hour meeting, which was made public due to the state's Sunshine Law. Moreover, it claims the penalty for withdrawal - a mind-boggling $572 million, $130 million of which comes from TV revenue - is unenforceable. The seven-count suit, filed formally in Tallahassee Circuit Court, alleges the ACC breached contract for failing to create appropriate media rights value and violated the state of Florida's antitrust laws. Florida State's Board of Trustees voted unanimously on Friday to file a lawsuit against the ACC challenging the league's grant of rights and withdrawal penalties, taking a critical first step towards a potential exit.

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