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Boner inducing. Football is questionable but they are both rich ass schools that increase research power 10 fold. Let the other conferences fight for the Louisvilles of the world.
An exit fee is liquidated damages for breaking a contract. If they are reasonable, they can be imposed. If not, if they are punitive, they can't.
I can't think of a high D-I school that has moved since this started that has conformed to the stated exit criteria.
They wouldn't get out with zero unless the league fell apart. But they won't pay 50 mil, either.
“Kansas may wind up number one in these polls, but that would be so unfair to Texas...” -- Len Elmore, 2/13/11
who cares about the exit fee? Whatever it is, MD will find a way to pay it.
"Put your mother in a straight-jacket you punk ass white boy." ~ Mike Tyson
I'm waiting for Hollis to announce a basketball game against the turtles underground somewhere. DC Metro maybe.
It's not about Maryland. It's about everyone else in the ACC. If Maryland gets their fee reduced substantially, it will be open season on everyone else.
The RCMB...is one of the most awful, alarming, inappropriate, disgusting, and offensive msg boards in the history of the internet.
What is that, a Titleist? A hole in one...
Will settle out of court for an undisclosed sum of $$$$ and a Confidentiality clause. I.E. MD will get out for far less than the increased fee but the ACC will not have to disclose that fact.
ACC desperately trying to hold that conference together. The new big east is a joke. 8 former conference USA teams, 2 from MWC and 1 from the Mac. When the ACC implodes, Notre Dame will be left holding the bag.
Link or is this just your prediction? All I'm seeing is that the lawsuit was just filed.
I'm not so sure about settling out of court on this one. The ACC is under attack and even a confidentiality clause won't save them. Everyone will know that if Maryland is able to pay it, it must have been substantially less. And if it's substantially less, other schools will challenge the same thing in the ACC if they want to leave. Plus, wouldn't something like the amount they paid have to be disclosed by Maryland since they are a public university?
"People don't care how much you know until they know how much you care." - Mark Dantonio.
From what I have gathered:
the ACC voted on raising the exit fee to $50MM, which Maryland voted against. They and FSU were the only ones to vote against it. (UVA could be in trouble because of that).
the key points though, are that:
1. Contract law doesn't allow for penalties
2. Liquidated damages are allowed, but the party must agree to them in order to be bound by them.
So, Maryland would pay the old exit fee of $20MM
Just a guess. Seems like MD has a good case for lack of consideration in the new payout clause.
not going to be UNC:
With conference realignment rumors swirling, North Carolina took the unusual step Tuesday of saying it wants to stay in the ACC for another 60 years at least.
"If you have the right to be offended I have the right to offend you." - Ricky Gervais
Thank god Con and Crim boosted my MBE score. C+ in Contracts 1 & 2 and shitty on the essays.
i take that with a grain of salt...he's only the athletic director.
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