The ACC will expand and add Stanford, Cal and SMU for the 2024-25 academic year, per ESPN's Pete Thamel, who adds: "Cal, Stanford and SMU will come at a significant discount, which will help create a revenue pool to be shared among ACC members. SMU is expected to come in for seven years with no broadcast media revenue and both Cal and Stanford were expected to receive 30-percent shares of ACC payouts. That money being withheld is expected to create an annual pot of revenue between $55 and $60 million. Some of the revenue will be divided up proportionally among the 14 full-time members and Notre Dame, while another portion will be put in a pool designated for success initiatives that rewards programs that win." (link)
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