facebook
twitter
search
search

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 Stories
SB50: Denver Broncos face tough call at QB in 2016
Johnny Manziel's ex-girlfriend claims he hit her
NFLPA hopes to have independent arbitration for player discipline next season
Watch every star-studded Super Bowl commercial of 2016
Group recreates 'Mario Kart' video game at UK mall