The Atlantic Coast Conference announced Monday that all 15 member schools had signed a grant of media rights deal with the conference.
The move was unanimously approved by all 15 ACC schools, including Pitt, which will officially join the ACC July 1.
The grant of rights, which goes into effect immediately, means that if a school leaves the league, all media rights, including revenue, stay with the ACC rather than going the school's new conference.
The league's television contract with ESPN, renegotiated last year, runs through 2027 and pays each school just over $17 million annually.
The deal should have a significant stabilizing effect on the league, which has been a frequent target of realignment speculation over the past few months.
"This announcement further highlights the continued solidarity and commitment by our member institutions," ACC Commissioner John Swofford said in a statement. "The Council of Presidents has shown tremendous leadership in insuring the ACC is extremely well positioned with unlimited potential."
Sam Werner: firstname.lastname@example.org or on Twitter @SWernerPG