Update: ESPN's Brett McMurphy has some more info on the pending deal.
— Brett McMurphy (@McMurphyESPN) July 19, 2016
Earlier: For a long time, there has been talk about a possibility of the ACC and ESPN combining to form the ACC Network, like the channel has done with the SEC. According to the News and Observer's Luke DeCock, the time for the ACC Network could be coming soon.
DeCock says the league is close to agreeing to a new TV deal with ESPN, which will include the formation of an ACC network. An announcement could be forthcoming later this week.
After six years of deliberation and discussion, the ACC is close to an updated television deal with ESPN that will include the long-awaited ACC cable channel as well as innovative “over-the-top” components, content delivered directly to viewers via the Internet, known as OTT.
The announcement regarding a new ESPN deal could come as soon as the ACC’s football kickoff event in Charlotte on Thursday and Friday, where ACC commissioner John Swofford is scheduled to meet with the media Thursday morning.
The ACC’s current deal with ESPN runs through 2026-27 but has since been substantially eclipsed by the Big Ten and SEC. In May, Swofford said launching an ACC cable channel would likely be necessary to close that financial gap.
This looks like a huge deal on paper for the ACC. It's unclear yet how much money this will generate for the league and its members in the future, but it firmly enhances the conference's brand and further secures its standing in the ever-changing landscape of college sports.
Also, we wonder if this gets people talking again about Notre Dame joining the league for all sports. It probably won't happen, but fun to speculate.