Report: ACC presidents delay membership vote for Cal, Stanford

ACC presidents put off a vote after holding discussions about potentially adding Stanford and Cal as members on Wednesday evening, sources told Yahoo Sports' Ross Dellenger.

There continue to be hurdles as the ACC explores the possibility of adding the two Pac-12 schools along with SMU.

Discussions about adding the three schools are described as serious in nature after ACC officials reviewed the financial models for bringing in each program, per Dellenger.

At least 12 of the 15 current schools in the conference are required to approve any new member.

ACC presidents held a week of intense meetings regarding an expansion plan that initially included Arizona, Arizona State, Utah, Stanford, and Cal, per Dellenger. The Wildcats, Sun Devils, and Utes joined the Big 12 last week after Washington and Oregon accepted offers to join the Big Ten.

If the Cardinal and Golden Bears joined the ACC, they would receive 60% to 70% of the conference's TV distribution. SMU would forgo their conference revenue for the first five to seven years if they became a member.

ACC schools are locked into their current TV contract with ESPN which expires in 2036. The ACC announced a distribution of $39 million last year, far below the projected earnings of the SEC and Big Ten which could reach between $60 and $70 million in 2025.

While bringing in new members could add revenue to the conference, the addition of Stanford, Cal, and SMU wouldn't provide a substantial increase.

Current ACC members have until Aug. 15 to notify the conference of their intention to leave and change conferences for the 2024 season, according to ESPN's Pete Thamel. Several ACC schools, including FSU, have shared their displeasure about the league's revenue.