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jlb1705;2267035; said:So they've left Conference USA to join... Conference WTF.
VBSJ;2267223; said:Since they're either go to court or mediation, how low does Maryland negotiate the exit fee to?
The lawsuit filed Tuesday was for about $53 million. Incredible the exit fee went from $10 million to $50 million in less than a year.
VBSJ;2267223; said:Since they're either go to court or mediation, how low does Maryland negotiate the exit fee to?
The lawsuit filed Tuesday was for about $53 million. Incredible the exit fee went from $10 million to $50 million in less than a year.
Muck;2267229; said:Maryland had originally agreed to raising the fee to $20M so I would be surprised if the final amount were less than that. $20-$30M range is my guess.
It will be interesting to see whether the ACC is able to hold Maryland liable to pay a fee it never actually agreed to. Unless UM's continued participation in ACC activities was regarded as effective agreement with contract terms (a position I find hard to swallow from a contract perspective), it seems to me Maryland has an excellent position from which to claim coercion by the ACC and therefore relief from most of the "liquidated damages" (which is all these exit fees amount to).VBSJ;2267223; said:Since they're either go to court or mediation, how low does Maryland negotiate the exit fee to?
The lawsuit filed Tuesday was for about $53 million. Incredible the exit fee went from $10 million to $50 million in less than a year.
VBSJ;2267241; said:So that's why I'm wondering if everyone's just waiting to see what Maryland pays.
Muck;2267258; said:That is my thought as well. Talks are going on through back channels but we won't see anything concrete until schools have a more concrete number for the Maryland exit fees.
muffler dragon;2267262; said:Doesn't this beg the consideration that IF more schools left at the same time, THEN the ACC would have less of an argument for collection of such an exorbitant amount?
kinch;2267297; said:I am guessing that we will soon see schools added that will fill the color gaps. I am compiling a breakdown of all colors of all teams and of their players to better determine who our new members will be.