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Maryland and ACC Fight Over $52 Million Exit Fee

Posted By Damian Arbuckle On November 19, 2013 @ 12:47 PM In College | No Comments

maryland_2013 [1]A North Carolina court ruling could result in Maryland having to pay the full $52 million fee for leaving the ACC to join the Big Ten.

Maryland argues that the figure, which represents three times the conference’s operating budget, does not represent the damages caused by the Terps’ exit.

Maryland made a bid to dismiss the ACC’s suit, filed in North Carolina on Nov. 26, 2012. The school’s attorneys argued that the case should be dismissed because the school is an arm of the state, and “Maryland and other states enjoy sovereign immunity that protects them from lawsuits.”

North Carolina’s Court of Appeals rejected that argument in its Tuesday ruling.

Source: Chip Patterson, CBS Sports [2]

Maryland and ACC Fight Over $52 Million Exit Fee by

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[2] CBS Sports: http://www.cbssports.com/collegefootball/eye-on-college-football/24249116/north-carolina-courts-uphold-accs-52m-lawsuit-against-maryland

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