ACC presidents are scheduled to meet on a call Monday evening to discuss and potentially take action on expanding to add Cal, Stanford and SMU, sources tell Yahoo Sports.
Three weeks of deep exploration into the three-team expansion plan appears to be at its end, with a determination coming from the meeting or soon afterward. The league needs support from 12 of 15 members to pass the expansion proposal.
The new financial figures are at the center of the latest momentum. The ACC stands to bring in $72 million in annual additional revenue from expansion — a large portion of which will be distributed to conference members both evenly and also through an incentive pool based on athletic success. After Stanford's and Cal’s shares are removed, as well as travel costs, ACC schools stand to earn more than $30 million in new wealth to distribute every year.
The significant reduction of shares from Cal, Stanford and SMU is not permanent. The schools would see shares escalate over the course of the grant-of-rights, a binding agreement running through 2036 that they are required to sign. Also, the three schools will receive non-TV distribution annually from the league, including evenly distributed monies from the CFP and NCAA tournament as well as the additional revenue from the incentive pool.
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