ACC sues Maryland

Nov. 28, 2012 at 4:24 PM

GREENSBORO, N.C., Nov. 28 (UPI) -- The Atlantic Coast Conference is suing the University of Maryland, claiming the school owes more than $52 million in an exit fee for bolting the conference.

The complaint, filed in state court in Greensboro, N.C., seeks a declaration that the school owes the conference the full $52,266,342 specified in the conference constitution for leaving.

The suit could hasten negotiations between the conference and the school, and lead to a settlement before Maryland's planned departure to the Big Ten, scheduled for July 2014, The Baltimore Sun reported Wednesday.

The newspaper said buyouts are common when a school prefers to play in a different conference, noting West Virginia paid $20 million to leave the Big East Conference for the Big 12 but agreed to a premium price to leave immediately.

"It's a very, very common strategy within college athletics right now when it comes to conference realignment," Christian Dennie, a sports and contract lawyer, commented. "There is a question mark about the amount -- $50 million is a pretty handsome buyout compared to what the conference was paying out -- and legally, the court can decide whether it is fair, but they won't get that far down the road."

Related UPI Stories
Latest Headlines
Trending News
Steve Kerr takes leave from Golden State Warriors for back rehab
Hall of Famer Warren Sapp avoids jail in plea deal
Report: Miami Marlins interview Bo Porter for manager's job
Chicago Bears: Jay Cutler practices, might return in Week 4 from hamstring injury