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<blockquote data-quote="michaelwalkerbr" data-source="post: 129517819" data-attributes="member: 1601483"><p>This is from an article dated July 22, 2015 in <a href="http://big12fanatics.com/expansion-project-grant-rights/">Big12Fanatics.com</a></p><p></p><p>'<em>The teams have video broadcast inventory, e.g. home games in various sports. They <u>grant the rights to these home games to the conference</u> to bundle and sell to a media channel. No one can force you to sign away your rights, you have to do it yourself, which is another reason why they are difficult to break. Once they are signed, you no longer control those rights until the term of the agreement ends.</em></p><p><em></em></p><p><em>What happens then is that any revenue generated from the inventory goes to the conference, who pays out their members based on their bylaws. They do not go directly to the school nor does the school control them during the duration. This acts like a poison pill. If a team without a Grant of Rights leaves a conference, their rights and the revenue derived from those rights flow with them. However, while a team under a grant of rights could move conferences, the revenue generated from their rights would still flow back to the conference that holds the GoR. As an example, if the SEC expanded with North Carolina, the SEC would have to pay the ACC for any revenue North Carolina’s inventory generated. This makes it difficult for both North Carolina and the SEC, because North Carolina doesn’t have much to offer the SEC any longer.</em></p><p><em></em></p><p><em>Additionally, North Carolina may lose their revenue stream completely. <strong><u> The Big 12’s <a href="http://www.big12sports.com/fls/10410/pdfs/handbook/Bylaws.pdf">bylaws are public</a></u></strong> and they clearly state in section 3.1 that:</em></p><p></p><p><img src="http://big12fanatics.com/wp-content/uploads/big-12-withdrawal.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p><em>The Grant of Rights Agreement which will remain in full force and effect as to such Withdrawing Member and the Withdrawing Member shall continue to be fully bound under the Grant of Rights Agreement after Withdraw for the remainder of the term of any Grant of Rights Agreement as if it remained a Member of the Conference, but the Withdrawing Member shall not be entitled to payment of any amounts or any other benefits arising under the Grant of Rights Agreement after Withdraw.</em></p><p><em></em></p><p><em>In short, if you are no longer a member you are not paid as a member would be paid, even if your rights are owned by the conference.'</em></p><p></p><p>Very well stated! The Big 12 by-laws are public and so is the GOR!</p></blockquote><p></p>
[QUOTE="michaelwalkerbr, post: 129517819, member: 1601483"] This is from an article dated July 22, 2015 in [URL='http://big12fanatics.com/expansion-project-grant-rights/']Big12Fanatics.com[/URL] '[I]The teams have video broadcast inventory, e.g. home games in various sports. They [U]grant the rights to these home games to the conference[/U] to bundle and sell to a media channel. No one can force you to sign away your rights, you have to do it yourself, which is another reason why they are difficult to break. Once they are signed, you no longer control those rights until the term of the agreement ends. What happens then is that any revenue generated from the inventory goes to the conference, who pays out their members based on their bylaws. They do not go directly to the school nor does the school control them during the duration. This acts like a poison pill. If a team without a Grant of Rights leaves a conference, their rights and the revenue derived from those rights flow with them. However, while a team under a grant of rights could move conferences, the revenue generated from their rights would still flow back to the conference that holds the GoR. As an example, if the SEC expanded with North Carolina, the SEC would have to pay the ACC for any revenue North Carolina’s inventory generated. This makes it difficult for both North Carolina and the SEC, because North Carolina doesn’t have much to offer the SEC any longer. Additionally, North Carolina may lose their revenue stream completely. [B][U] The Big 12’s [URL='http://www.big12sports.com/fls/10410/pdfs/handbook/Bylaws.pdf']bylaws are public[/URL][/U][/B] and they clearly state in section 3.1 that:[/I] [IMG]http://big12fanatics.com/wp-content/uploads/big-12-withdrawal.jpg[/IMG] [I]The Grant of Rights Agreement which will remain in full force and effect as to such Withdrawing Member and the Withdrawing Member shall continue to be fully bound under the Grant of Rights Agreement after Withdraw for the remainder of the term of any Grant of Rights Agreement as if it remained a Member of the Conference, but the Withdrawing Member shall not be entitled to payment of any amounts or any other benefits arising under the Grant of Rights Agreement after Withdraw. In short, if you are no longer a member you are not paid as a member would be paid, even if your rights are owned by the conference.'[/I] Very well stated! The Big 12 by-laws are public and so is the GOR! [/QUOTE]
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