Report: ACC mulls financial pool amid renewed talks about expansion

The ACC is again discussing the potential addition of Cal, Stanford, and SMU to the league, sources told ESPN's Pete Thamel.

A small group of ACC presidents met on Wednesday morning to go over the financial details that would occur with the addition of the three schools.

The newcomers are expected to generate a pool of money, and ACC presidents are figuring out how to distribute the shares. The group is still working out what income can be generated by expanding, and a performance pool for success initiatives is being considered, per Thamel.

Financial models show that more than $55 milllion in annual additional revenue would be generated, sources told Yahoo Sports' Ross Dellenger.

At least 12 of the 15 current ACC schools are required to approve any new member. Florida State, Clemson, North Carolina, and North Carolina State reportedly opposed the idea of accepting new members before the conference held a formal vote.

If the Cardinal and Golden Bears joined the ACC, they would reportedly receive a reduced share of the conference's TV distribution. SMU is willing to forgo its conference revenue for the first five to seven years if it is accepted as a member, Thamel reports.

Stanford and Cal continue to explore various options following a shifting landscape in the Pac-12. The two schools, alongside Oregon State and Washington State, remain in the conference that has suffered several defections recently.

USC, UCLA, Washington, and Oregon are all set to join the Big Ten in 2024. Arizona, Arizona State, Utah, and Colorado will also depart for the Big 12 next year.

SMU is currently a member of the AAC but has held ambitions of joining a Power 5 conference for several years.