In an official statement, Commissioner John Swofford highlighted the ACC's solidarity and leadership. (Chuck Burton/AP)
By Zac Ellis
The ACC's member schools have signed a 15-school Grant of Rights agreement through 2027, the league announced Monday. ACCSports.com's David Glenn first reported the news.
"This announcement further highlights the continued solidarity and commitment by our member institutions," said ACC commissioner John Swofford in a statement. "The Council of Presidents has shown tremendous leadership in insuring the ACC is extremely well positioned with unlimited potential."
The move will likely halt conference realignment for the immediate future by drastically decreasing the odds of current ACC teams leaving for another conference. A Grant of Rights agreement involves teams surrendering control of TV rights to the league, meaning the ACC would retain rights to certain media revenue until the deal's conclusion, even if a team left the conference. The ACC already has a $50 million exit fee in place -- which Florida State voted against and which Maryland is currently fighting -- but this would be a more definitive move toward enhancing the league's stability. The Big 12 was the last major football conference to agree to a Grant of Rights.
MANDEL: Rejoice! ACC deal should halt conference realignment
Jeremy Fowler of CBSSports.com reports that the ACC is in talks with ESPN about establishing its own network
, following the model of the Big Ten, Pac-12 and the soon-to-be-announced SEC network.