Not sure about GOR but in this article it implies TV rights money could be withheld during 2 year waiting period along with paying a $45 million exit fee to leave
The $45 million exit fee might be chump change for TAM,but the lack of revenue sharing, if applied by SEC, for 2 years might hurt
SEC Quietly Adds Exit Fee to Conference Bylaws
3.2.3 Withdrawal Fee—Member Deemed to Have Withdrawn. A member deemed to have withdrawn from the Conference shall pay a withdrawal fee of $45 million to the Conference immediately upon being informed that the Commissioner has determined that the member is deemed to have withdrawn. [Adopted: 1/14/21]
*3.2.4 Reduction of Distributions to Withdrawing Member. The Commissioner may, at any time (including prior to the e
ffective date of any withdrawal or deemed withdrawal), reduce any distributions otherwise payable to a member that has provided notice of withdrawal or who has been deemed to have withdrawn, including but not limited to distributions otherwise provided for in Bylaw 31, and apply such distributions to the withdrawal fee payable by the member to the Conference. [Adopted: 1/14/21]
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