Moreover, it claims the penalty for withdrawal - a mind-boggling $572 million, $130 million of which comes from TV revenue - is unenforceable. The seven-count suit, filed formally in Tallahassee Circuit Court, alleges the ACC breached contract for failing to create appropriate media rights value and violated the state of Florida's antitrust laws. Florida State's Board of Trustees voted unanimously on Friday to file a lawsuit against the ACC challenging the league's grant of rights and withdrawal penalties, taking a critical first step towards a potential exit.
