Maryland must pay $52 million to ACC for joining Big 10

[Rhoadhoused]

That is a pretty considerable amount, I'd say.

• Matt Hayes ‏@Matt_HayesSN3h
  Technically, Maryland owes the #ACC $52,266,342.Expand
  ​
• Matt Hayes ‏@Matt_HayesSN3h
  NC Court of Appeals rules against Maryland in lawsuit with #ACC. Terps must pay $50 million to leave for #B1G
  ​

 

[CycloneErik]

Re: Marlyand must pay $52 million to for joining Big 10

Well, that's a Grant of Rights answer right there, isn't it?

 

[ISUCyclones2015]

Re: Marlyand must pay $52 million to for joining Big 10

Under Armor gonna pay that? I don't think so...

 

[Wesley]

Re: Marlyand must pay $52 million to for joining Big 10

Cough cough. Now what? Hosed upon exit. Let the BTN write the check?

 

[Rhoadhoused]

Re: Marlyand must pay $52 million to for joining Big 10

Well, that's a Grant of Rights answer right there, isn't it?

I hope so. The guy went on to say:

Matt Hayes ‏@Matt_HayesSN3h
Make no mistake, #Maryland will use every appeal possible to get out of paying the exit fee. This isn't over. #ACC #B1G

 

[SoapyCy]

Re: Marlyand must pay $52 million to for joining Big 10

NCAA should set up conferences for this very reason.

They'll get out of it somehow.

 

[klamath632]

Re: Marlyand must pay $52 million to for joining Big 10

Well done, Maryland, you just financed the secondary sports for the entire ACC for the next few years.

 

[Incyte]

Re: Marlyand must pay $52 million to for joining Big 10

Well, that's a Grant of Rights answer right there, isn't it?

I'm not following. I think these are exit fees and grant of rights is not involved in the Maryland suit.

 

[VeloClone]

Re: Marlyand must pay $52 million to for joining Big 10

Rhoadhoused, are you drunk? That title is seriously effed up.

 

[Rhoadhoused]

Re: Marlyand must pay $52 million to for joining Big 10

Rhoadhoused, are you drunk? That title is seriously effed up.

Thanks. I accidentally a word.

 

[Judoka]

Re: Marlyand must pay $52 million to for joining Big 10

Thanks. I accidentally a word.

The whole thing?

 

[VeloClone]

Re: Marlyand must pay $52 million to for joining Big 10

Thanks. I accidentally a word.

Marly and who?

 

[Rhoadhoused]

Damn, maybe I am drunk.

 

[CysRage]

Maybe ISU can work a deal where Maryland pays only 45 million and it goes to the new Under Armour South Endzone at Jack Trice Stadium but seriously though SEZ!

 

[cyfanatic]

Re: Marlyand must pay $52 million to for joining Big 10

I'm not following. I think these are exit fees and grant of rights is not involved in the Maryland suit.

Correct. The GOR for that league came after Maryland declared their intention to leave.

 

[boone7247]

I believe he meant, if exit fees stick, then GOR would stick.

 

[weR138]

Re: Marlyand must pay $52 million to for joining Big 10

I hope so. The guy went on to say:

Matt Hayes ‏@Matt_HayesSN3h
Make no mistake, #Maryland will use every appeal possible to get out of paying the exit fee. This isn't over. #ACC #B1G

I have a question for CF legal counsel;

Is arbitration an option for Maryland & the ACC or is the amount ~$50 million a win or lose proposition now? Is Maryland's only hope (to NOT pay the ACC $50 million) winning their appeal?

Also, is the B1G paying for this?

 

[Rhoadhoused]

Re: Marlyand must pay $52 million to for joining Big 10

I have a question for CF legal counsel;

Is arbitration an option for Maryland & the ACC or is the amount ~$50 million a win or lose proposition now? Is Maryland's only hope (to NOT pay the ACC $50 million) winning their appeal?

Also, is the B1G paying for this?

Don't know about the legal stuff, but didn't the Big 12 pay half of WVU's $20 million exit fee?

 

[weR138]

Re: Marlyand must pay $52 million to for joining Big 10

Don't know about the legal stuff, but didn't the Big 12 pay half of WVU's $20 million exit fee?

Don't remember...

But on the legal stuff...(for the lawyers out there) couldn't Maryland tell the ACC to **** off and send this to Federal court?

 

[Wesley]

Re: Marlyand must pay $52 million to for joining Big 10

Thanks. I accidentally a word.

And the gestapo police did not say anything?