Btstimpy
Scout Team
- Joined
- Mar 10, 2012
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I mean I highly doubt the ACC would do this because it would be a little extreme. Maryland is going to pay an exit fee either 20 million, 52 million, or a negotiated amount. I wouldn't do this because Maryland has had about 35 million withheld from them by the ACC and that could be credited as atleast partial payment I don't know if the bylaws state the withdrawal payment must be done all at once. When Syracuse left the Big East we paid 2.5 million of the 5 million to withdraw with our notice. Then Syracuse sent another 5 million to the Big East before they left as the amount to leave was 7.5 million.
Just looking for a way to accelerate this because all of these motion filings and appeals by Maryland are just causing delay and not much else. This won't get resolved this year at this rate. Maryland is gone already. They should pay the exit fee and leave. Yes the ACC has held about $35 million in offset per the bylaws, but that is held up in escrow waiting the resolution of the case.