OT - Maryland's divorce is final

[Row6Seat10]

The University of Maryland and the Atlantic Coast Conference announced today they have reached a mediated agreement that ends all litigation between both parties.

 

Maryland has agreed that the ACC will keep the sum of $31,361,788 previously withheld in order to resolve the lawsuits, and the ACC has agreed that Maryland will have no obligation to make any other payments to the ACC. In addition, the lawsuits filed in the State of North Carolina and Maryland will be dismissed.

 

 

ACC originally sued Terps for $157million; Terps counter-sued. Sounds like a good resolution, and now all parties can move on.

 

http://www.umterps.com/ViewArticle.dbml?DB_OEM_ID=29700&ATCLID=209606401

[49r]

ACC-Maryland lawsuit settlement: What happened and what it means - Testudo Times

 

http://www.testudotimes.com/maryland-terrapins-basketball/2014/8/11/5991045/maryland-acc-lawsuit-settlement

 

For Maryland, the fight was all about saving money before it walked away. For the conference, it was much bigger. The ACC wanted to prove its gigantic exit fee (the biggest in collegiate athletic history, Maryland claimed) was enforceable, but it had to at least battle to a draw. Because if Maryland had managed to eek out a positive verdict in the ACC's lawsuit (to say nothing of the state's counterclaim), the broader applicability of the ACC's exit fee would have been torn to shreds. Had that happened, the ACC would be far more vulnerable to school-poaching by other conferences, and the entire league would have been in a tenuous position. Now, it can at least claim its enormous fee is enforceable against any school that tries to leave, and that's at a key starting point in retaining members.

[JoeMccrayAllDay]

As someone who is happily divorced it's wonderful. Maryland will have a much better sex life now, food will taste better, etc.

 

Welcome Terps!