Report: ACC Presidents Postpone Expansion Meeting
PITTSBURGH -- The home conference of the Pitt Panthers was ready to make a decision on whether or not to add three new schools to the league this week.
The league's 15 voting presidents, including newly minted Pitt chancellor, Joan Gabel, had planned a meeting to discuss and possibly vote on adding Cal, Stanford and SMU. But after an on-campus shooting at North Carolina, they decided to postpone their meeting, according to a report from Nicole Auerbach of The Athletic.
Yahoo Sports' Ross Dellinger reported that the ACC could bring in an additional $72 million annually after expanding with those three schools, the majority of which will be distributed in two ways - one portion as even allotments to each school and another that will be tied to athletic success, with football weighed more heavily. A model for that uneven revenue distribution is still in the works, according to Dellinger.
Long-time rivals Cal and Stanford would come as a package deal from the rubble of the Pac-12 after Washington, Oregon, Colorado, Utah, Arizona and Arizona State opted to follow in USC and UCLA's footsteps and exit for either the Big 12 or Big 10 this summer.
SMU, currently a member of the American Athletic Conference, has been a late addition to these talks. Some reports from earlier this summer claimed the Mustangs would be willing to forgo revenue from the conference from several years if they join, with donors lined up ready to make up the difference.
Dellinger also reported that Stanford and Cal have proposed taking less revenue from the league for multiple years in exchange for a place in a more secure home conference.
A decision on expansion should come soon, albeit at a later date than anticipated.
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