According to two people with the strongest ties possible to Florida State's Athletic Department, FSU fully plans on exiting the Atlantic Coast Conference. Florida State will begin its transition to the Big 12 Conference beginning this June. One source went as far as to say, "at this point the move is inevitable."
Important dates to watch will be: May 30th, the Big 12 will have its conference meetings. June 15th, the new commissioner of the Big 12 when Bob Bowlsby will take office and August 15th, the deadline for any institution to withdraw from the ACC.
Florida State leaving the ACC this summer will culminate a process that began with initial talks with an intermediary representing the Big 12 last November. Florida State did not officially reach out to the Big 12 until a week before the ACC's most recent deal with ESPN was announced. Florida State has long been frustrated with the leadership of its current conference and in the Big 12 believes it has found a partner that is more focused, and in touch with the current economic climate of collegiate athletics.