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For those that care...ACC-Maryland settle for 31 million
Posted on 8/8/14 at 1:03 pm
Posted on 8/8/14 at 1:03 pm
So all the money withheld since MD announced stays with ACC and MD owes nothing more
Posted on 8/8/14 at 1:10 pm to tccdc
basically the ACC traded Maryland for Louisville and profited $31 million in the process.
win win win
win win win
This post was edited on 8/8/14 at 1:11 pm
Posted on 8/8/14 at 1:10 pm to tccdc
I want a team to try and leave the Big12 so we can see that shitstorm
Posted on 8/8/14 at 1:15 pm to rocket31
quote:
basically the ACC traded Maryland for Louisville and profited $31 million in the process.
win win win
think so? then why didn't the big 10 invite Louisville?
Posted on 8/8/14 at 1:18 pm to molsusports
quote:
then why didn't the big 10 invite Louisville?
"academics"
Posted on 8/8/14 at 1:32 pm to The Easter Bunny
quote:
I want a team to try and leave the Big12 so we can see that shitstorm
The fun part would be to see who would WANT anyone from the Big Dumpster Fire not named OU or t.u. And even those two come with baggage (OU has Oklahoma State, t.u. has the LHN and maybe Tech as well).
Posted on 8/8/14 at 1:39 pm to rocket31
Shew... A state school in the DC area with upwards of 40K enrollment vs. a commuter school with less than 25K sitting on the side of the Ohio River.
Why didn't the B1G snap UofL up real quick?
Posted on 8/8/14 at 1:41 pm to ten Hoor Hall
quote:
Why didn't the B1G snap UofL up real quick?
academics, like was already stated.
in terms of athletic programs, there is no comparison. Maryland is in shambles.
Posted on 8/8/14 at 2:26 pm to tccdc
Maryland got their asses beat in that settlement.
A&M and Mizzou paid $12 million each
Nebraska paid $9 million
Colorado paid $6 million.
Posted on 8/8/14 at 2:40 pm to Dr RC
The ACC was holding the cash, which made it a lot easier. Maryland could have won had it gone to court, as penalty fees for terminating a contract are largely unenforceable. However, they'd rack up a huge legal bill and they'd STILL have to spend more money in order to enforce the judgment and get the ACC to deliver the money. Heck, they might have had to file a NEW action to get the money. They were looking at huge out of pocket costs, and with a low chance of recovery of their money any time in the next decade.
Walking away was the right call. Saves them the legal bill and year and years of court time in order to get their money back. Just walk away from it. And next time, leave a conference AFTER you cash the check.
Walking away was the right call. Saves them the legal bill and year and years of court time in order to get their money back. Just walk away from it. And next time, leave a conference AFTER you cash the check.
Posted on 8/8/14 at 2:40 pm to tccdc
Fine with me. I'll take Louisville and $31M for Maryland any day.
Posted on 8/8/14 at 3:11 pm to tccdc
I'm going to miss playing them in CBB, but they didn't bring much at all to the ACC besides soccer and lacrosse, and the ACC is stacked in both sports.
Posted on 8/9/14 at 3:23 pm to Sellecks Moustache
I don't have a dog in the fight, but I think the whole thing sucks. Maryland had a lot of history w/ the ACC (they were a founding member of the conference). They had some nice regional rivalries w/ Virginia (esp football) and Duke (esp basketball).
IMO the alumni should have kicked out the AD and/or President for pulling this sh*t.
IMO the alumni should have kicked out the AD and/or President for pulling this sh*t.
Posted on 8/9/14 at 4:21 pm to GumBro Jackson
It was all about money for Maryland. Their athletic department was in terrible financial shape, and they were having to cut non-revenue sports. They went after the Big Ten money at the expense of tradition and rivalries.
Posted on 8/9/14 at 4:33 pm to rocket31
quote:
basically the ACC traded Maryland for Louisville and profited $31 million in the process.
You have no clue
Posted on 8/9/14 at 4:36 pm to Dr RC
quote:
Maryland got their asses beat in that settlement.
A&M and Mizzou paid $12 million each
Nebraska paid $9 million
Colorado paid $6 million
Pitt & Syracuse paid $7.5 million
West Virginia paid $21 million
TCU paid $5 million
Rutgers $11.5 million
UL paid $11 million* (will be less since Rutgers will not be a Big East member in 2015)
Does UL get a share of Marylands's buyout?
Posted on 8/9/14 at 4:36 pm to Quidam65
quote:
The fun part would be to see who would WANT anyone from the Big Dumpster Fire not named OU or t.u. And even those two come with baggage (OU has Oklahoma State, t.u. has the LHN and maybe Tech as well).
Oh, your an atm fan. When is the last time you won a conference title?
Posted on 8/9/14 at 4:45 pm to rocket31
quote:
in terms of athletic programs, there is no comparison. Maryland is in shambles
In terms of across the board funding&revenue Maryland isn't even close to Louisville. UL athletic department is probably larger with regards to budgets than anyone in the ACC.
Posted on 8/9/14 at 5:00 pm to Sevendust912
1998
and guess what? that doesnt change that OU and Texas are the only two desirable schools for expansion. Maaaaybe Kansas can be added to that list as a distant 3rd since they are AAU and have great basketball but thats it.
and guess what? that doesnt change that OU and Texas are the only two desirable schools for expansion. Maaaaybe Kansas can be added to that list as a distant 3rd since they are AAU and have great basketball but thats it.
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