SCELC has negotiated a ~cost-neutral 2023-2024 'Springer Compact' transformative agreement (defined) which leverages existing subscriptions that provide standard institutional access and post cancellation rights to add support for open access publishing. It covers participating institutions’ corresponding author article publication charges for 2068 hybrid journals contained within Springer, society-owned “Academic Journals on Nature.com”, Adis, and Palgrave collections included in your current subscription. It does not include reading or open publishing of Nature-branded or Scientific American content.
The agreement covers open publication of up to 550 2023 articles across all 68 participating institutions, which is roughly 101% of the average number of qualifying articles that participating institutions’ corresponding authors published in those journals over the past 5 years. While it is possible that we will collectively exceed this cap, it is unlikely, because the typical author OA opt-out rate is ~10%. The agreement does NOT cover the 279 fully open access journals in the Springer portfolio: we hope to be able to cover these in the next agreement without additional costs to subscribing libraries.