Maryland sues the ACC

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Posted by Bench McElroy on 1/18 at 6:27 pm

quote:
The University of Maryland filed a lawsuit against the Atlantic Coast Conference after the college football association sued to force the school to pay $52.3 million in exit fees for leaving the group.

The college claims in a lawsuit filed in Prince George’s County Circuit Court in Maryland that the exit penalty is a violation of antitrust law, state Attorney General Douglas Gansler said today in a statement. Maryland also seeks to dismiss the ACC’s lawsuit in state court in North Carolina.

“Our lawsuit calls the ACC’s ‘exit fee’ what it really is -- an antitrust violation and an illegal activity,” Gansler said in the statement. “Our motion in North Carolina will ensure that a Maryland court will rule on the case.”

LINK

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Posted by hg

on 1/18 at 6:27 pm to Bench McElroy

I bet the ACC is shell shocked...

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Posted by geauxtigers87

on 1/18 at 6:30 pm to hg

Ba-zing

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Posted by Pilot Tiger

on 1/18 at 6:33 pm to hg

BAZOOKA

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Posted by TigersOfGeauxld

on 1/18 at 6:43 pm to Pilot Tiger

[roots for Maryland to win lawsuit]

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Posted by Baloo

on 1/18 at 6:44 pm to TigersOfGeauxld

This is Jack's total lack of surprise.

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Posted by FootballNostradamus

on 1/18 at 8:02 pm to hg

Maryland should get their shite pushed in in this lawsuit.

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Posted by whodidthat

on 1/18 at 8:06 pm to Bench McElroy

quote:
pay $52.3 million in exit fees for leaving the group.

F'n ridiculous.

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Posted by chalmetteowl

on 1/18 at 9:12 pm to whodidthat

isn't there a "restraint of trade" clause?

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Posted by AUCE05

on 1/18 at 9:13 pm to Bench McElroy

I would just fax the contract, that Maryland signed - agreeing to the buyout, to the judge.

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Posted by Touchdowns4LSU

on 1/18 at 9:26 pm to AUCE05

quote:
I would just fax the contract, that Maryland signed - agreeing to the buyout, to the judge.

Does Auburn have a law school? If so I hope you're not a grad.

Maryland didn't sign anything agreeing to the buyout.

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Posted by AUCE05

on 1/18 at 9:51 pm to Touchdowns4LSU

You sure? I thought after the last realignment talk, all ACC schools agreed to a redicules buyout.

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Posted by tigerpimpbot

on 1/18 at 9:53 pm to AUCE05

quote:
You sure? I thought after the last realignment talk, all ACC schools agreed to a redicules buyout.

Maryland and FSU's presidents refused to vote I think.

ETA: MD and FSU dissented.

quote:
In the suit, filed Monday in Greensboro, N.C., the ACC is pursuing a declaratory judgment, essentially asking the court to impose the rules its members have established. In September, the ACC’s Council of Presidents — the leaders of the league’s 12 schools — voted (with Maryland and Florida State dissenting) to raise its exit fee to three times the league’s operating budget, which this year is $17,422,114, according to the complaint.

LINK

This post was edited on 1/18 at 9:55 pm

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Posted by AUCE05

on 1/18 at 9:56 pm to tigerpimpbot

LINK

quote:
In early September, 2012, the Council of Presidents of the ACC member institutions voted in favor of provisions requiring payment of an exit fee by member schools wishing to withdraw from the Conference, which was effective immediately upon the vote in affirmation by the presidents. According to the Complaint filed by the ACC, “Each member has agreed…to be bound by votes of the Council of Presidents. Specifically, defendant Maryland has agreed to be bound by votes taken by the Council of Presidents.”

This post was edited on 1/18 at 10:01 pm

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Posted by tigerpimpbot

on 1/18 at 10:02 pm to AUCE05

It looks like the ACC got wind of MD wanting to move and then voted to increase the shite out of the penalty.

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Posted by StraightCashHomey21

on 1/19 at 12:14 am to FootballNostradamus

quote:
Maryland should get their shite pushed in in this lawsuit.

well they didn't agree to the absurd fee

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Posted by molsusports

on 1/19 at 12:22 am to tigerpimpbot

quote:
It looks like the ACC got wind of MD wanting to move and then voted to increase the shite out of the penalty

They are worried about more than Maryland.

NC, Va, Ga Tech and perhaps Duke may be coveted by the Big 10. FSU, Ga Tech, Clemson, and Louisville might make sense to the Big 12. And teh SEC may have its eyes on a school from NC and Va as well.

The ACC's stability is in question no matter what the outcome of this lawsuit - but the end of the ACC may be hastened if the penalty is greatly reduced.

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Posted by TigerintheNO

on 1/19 at 3:42 am to molsusports

quote:
They are worried about more than Maryland. NC, Va, Ga Tech and perhaps Duke may be coveted by the Big 10.

unlike Maryland, they agreed to the buyout

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Posted by TJGator1215

on 1/19 at 4:10 am to TigerintheNO

If the $52M exit fee is struck down it doesn't matter. Not a lawyer, but if Maryland wins the exit fee would mostly likely be reduced to the original exit fee that they agreed to. It would be funny if the ACC collapsed along with the BE.

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Posted by geauxtigs99

on 1/19 at 8:53 am to StraightCashHomey21

quote:
well they didn't agree to the absurd fee

Did they take money from the new conference tv and multi media deals?

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