ACC adding Stanford, Cal, SMU in 2024

ACC presidents voted to approve the additions of Stanford, Cal, and SMU, the conference announced Friday.

"We are thrilled to welcome three world-class institutions to the ACC, and we look forward to having them compete as part of our amazing league," commissioner Jim Phillips said. "Throughout the evaluation process, the ACC Board of Directors … was deliberate in prioritizing the best possible athletic and academic experience for our student-athletes and in ensuring that the three universities would strengthen the league in all possible ways."

Stanford and Cal are expected to take reduced television revenue shares, while SMU will earn no television revenue from the league for approximately nine years, Yahoo Sports' Ross Dellenger adds.

The schools can all reportedly earn incentives on top of their shares, based primarily on football success. Whether other sports were included as incentives hasn't been reported.

Stanford's, Cal's, and SMU's football teams finished with 3-9, 4-8, and 7-6 records, respectively, in 2022.

Conference realignment has impacted a large number of schools this summer. Oregon and Washington were accepted into the Big Ten in early August, joining USC and UCLA, who were voted in last year.

Arizona State, Colorado, and Utah are departing from the Pac-12 for the Big 12 in 2024, and the Big 12 is losing both Texas and Oklahoma to the SEC next year.

Washington State and Oregon State are the only schools scheduled to remain in the Pac-12 beyond 2023.