ACC files lawsuit against Maryland over $52 million exit fee
BY Associated Press
Wednesday, November 28, 2012
11/28/12 at 4:51 AM
GREENSBORO, N.C. (AP) - The Atlantic Coast Conference has filed a lawsuit against Maryland seeking full payment of the more than $52 million exit fee for the school's move to the Big Ten.
According to the 10-page lawsuit, the ACC said the school must pay $52,266,342, which is three times the league's 2012-13 operating budget.
The Associated Press obtained a copy of the lawsuit, filed in Guilford County Superior Court, home to the league headquarters in Greensboro.
The lawsuit states that Maryland President Wallace D. Loh "has made it clear that defendant Maryland does not intend to pay the amount."
In a statement, Commissioner John Swofford says the ACC's council of presidents unanimously decided "to file legal action to ensure enforcement of this obligation."
"We continue to extend our best wishes to the University of Maryland," Swofford said.
Brian Ullmann, Maryland's assistant vice president for marketing and communications, declined to comment in an email Tuesday afternoon.
Original Print Headline: ACC files lawsuit against Maryland over $52M exit fee