FSU Accuses Former ACC Commissioner of Costing Schools Millions in Amended Lawsuit
The lawsuit alleges John Swofford favored his son's company, Raycom Sports, in media rights deals, leading to significant revenue loss for ACC schools.
- Florida State University (FSU) has filed an amended lawsuit against the Atlantic Coast Conference (ACC), alleging former commissioner John Swofford cost member schools millions of dollars by favoring his son's company, Raycom Sports, in media rights deals.
- FSU's complaint alleges that the ACC's deal with Raycom has resulted in an annual loss of $82 million in revenue from Tier II and Tier III media rights for ACC schools.
- The lawsuit also claims that Swofford insisted on including Raycom in any new media rights deal the ACC signed in 2010, despite the company's financial struggles.
- FSU is seeking to void the league's grant of rights and withdrawal fee, which binds the school to the league until 2036, as they are seen as 'unreasonable restraints of trade'.
- The ACC initially sued FSU for breach of contract, claiming the school broke promises when they legally challenged the agreement. FSU is seeking a quick and easy exit from the conference to avoid paying more than $500 million in exit fees and penalties.