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Maryland to the B1G, press conference on BTN at 2:30pm

  • RBW Spartan said...

    I don't see what there is to negotiate. UMD signed a contract (which IIRC is guaranteed). The only 'defense' Maryland has is that they will take them to court; or is there something I'm missing?

    I don't know what they have either but it appears that Maryland thinks they have something...that, or UnderArmor money.

    The RCMB...is one of the most awful, alarming, inappropriate, disgusting, and offensive msg boards in the history of the internet.

    Jud Owns Digger

  • Chitown_Badger said...

    UNC and Virginia to get us to 16.

    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.

    Cthulhu

  • VargMan said...

    how binding is that exit fee? why can't schools just tell the conference to go fuck themselves?

    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

    Bob in Houston ●

  • 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

    tig ol bitties19581

  • I'm waiting for Hollis to announce a basketball game against the turtles underground somewhere. DC Metro maybe.

    Cthulhu

  • tig ol' bitties said...

    who cares about the exit fee? Whatever it is, MD will find a way to pay it.

    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.

    Jud Owns Digger

  • And Now The ACC Is Suing Maryland

    In these crazypants days of realignment, the best thing a conference can do to solidify its membership is to sign a big, juicy TV contract. The ACC failed at that, so they did the next best thing: they raised the exit fee to $50 million dollars.

    deadspin.com

    What is that, a Titleist? A hole in one...

    Cosmo_Kramer

  • 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.

    Rook ●

  • Cosmo_Kramer said...

    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.

    signature image signature image signature image

    Spartyshannon

  • Rook said...

    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.

    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.

    JMSparty08

  • RBW Spartan said...

    I don't see what there is to negotiate. UMD signed a contract (which IIRC is guaranteed). The only 'defense' Maryland has is that they will take them to court; or is there something I'm missing?

    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

    Rodeo Burger

  • Just a guess. Seems like MD has a good case for lack of consideration in the new payout clause.

    Rook ●

  • Chitown_Badger said...

    UNC and Virginia to get us to 16.

    not going to be UNC:

    North Carolina athletic director email responds to realignment rumors - ESPN

    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.

    espn.go.com

    "If you have the right to be offended I have the right to offend you." - Ricky Gervais

    Enrico Palazzo

  • Rodeo Burger said...

    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

    lol Thank god Con and Crim boosted my MBE score. C+ in Contracts 1 & 2 and shitty on the essays.

    signature image

    RBW Spartan

  • Enrico Palazzo said...

    not going to be UNC:

    i take that with a grain of salt...he's only the athletic director.

    tVargMan Prime

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