AI-assisted summary
Florida State University (FSU) dismissed its lawsuit against the Atlantic Coast Conference (ACC) after reaching a settlement agreement.
The settlement includes a new revenue distribution model based on viewership ratings.
The exit fee for leaving the ACC remains at $165 million for the 2026 fiscal year, decreasing annually to a flat $75 million by 2030-31.
Florida State's lawsuit against the Atlantic Coast Conference is officially over, after 14 months of legal squabbling between the school and the conference.
FSU had sued the conference over media rights contracts and a potential $500 million the university would owe the conference if it exited.
Media rights in college football refer to the rights a school has to control and sell the broadcasts of its games suc