ACC presidents voted to extend conference invitations to Stanford, California and SMU on Friday, sources tell CBS Sports. The three schools, should they formally apply for membership, will join the league for the 2024 college football season. Stanford and Cal are expected to enter the ACC from the Pac-12 taking reduced media rights revenue shares of around 30%, according to Yahoo Sports. SMU, however, will forgo media rights revenue for its first seven years as an ACC member moving from the American. The ACC is expected to receive around $72 million in additional media rights revenue as a result of expansion, per multiple reports, with $50 million to $60 million of that revenue being made
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