I'll post a link to a twitter post by the attorney, FSU grad, who has followed this case closely from day one. You've probably seen him on podcasts on youtube.
I'm no attorney, but it appears to me that FSU is now making the same argument Clemson is. The GOR only exists as long as a team is in the ACC. According to this argument, the GOR was written to assure FSU, or Clemson or any other team, could not negotiate media rights to their home games as long as they were in the ACC. (Clearly the ACC doesn't want Clemson to negotiate a contract with NBC to broadcast the Clemson/ FSU game at Death Valley while they are in the ACC.)
I'll let the attorneys explain the details. But, apparently, this is why the ACC was so dead set against letting the schools see the exact wording of the contracts.
Clemson knew the ACC did not own the media rights if Clemson was no longer in the ACC. And they knew that by the ACC lying about this , it has prevented Clemson from talking to other conferences or media and has damaged the brand. Thus, Clemson is suing for damages. And FSU finally saw the light and is also suing for damages. The ACC IS TOAST. They will not win in court. Look for a settlement soon. FSU WILL TAKE THIS TO THE SCOTUS. The FSU AD stated on Friday that FSU could not and would not remain in the ACC . Remaining means they cannot compete at the highest level and they are not willing to do that. He made it as clear as you can make it, FSU is not staying in the ACC. And I suspect Clemson feels the same. The ACC Commissioner has stated that the ACC will never be a conference that enables a member to compete at the highest level. It will never generate the revenue needed. I suspect those words by Phillips will come back to haunt him in court.