After coming one vote shy three weeks ago, Cal, Stanford and SMU now have the necessary votes to become the 16th, 17th and 18th members of the Atlantic Coast Conference. ACC presidents and chancellors held the vote at 8 a.m. ET (5 a.m. PT) on Friday.
The three schools will join the ACC in time for the 2024-25 athletic year.
The move means 10 of the original 12 Pac-12 schools have now found homes in other "Power 4" leagues. After USC and UCLA joined the Big Ten last summer and Colorado returned to the Big 12, Arizona, Arizona State and Utah agreed to join the Buffs in the Big 12, while Oregon and Washington found homes at a reduced rate in the Big Ten.
Similarly, Cal and Stanford will receive partial shares (it's being reported around 30 percent), which would create an additional pool of $50-60 million of ESPN's money to share among the existing 15 ACC schools. SMU will not receive an ACC media payout for the Mustangs' first nine years in the conference. The three new members will still partake in the ACC's success incentive initiative as well as postseason payouts from the College Football Playoff and the NCAA tournament.
I’ve confirmed the revenue distribution for Stanford/Cal:
— Stewart Mandel (@slmandel) September 1, 2023
30 percent the first 7 years. 70 percent in Year 8, 75 percent in Year 9, 100 percent Years 10-12.
With Cal and Stanford now gone, the Pac-12 has become the Pac-2. Oregon State and Washington State have been weighing offers from the American and the Mountain West.
Once the Beavers and Cougars find new homes, the Pac-12 Conference will officially become extinct.
As always, stay tuned to The Scoop for the latest.