This is going to be fun!
The ACC filed a lawsuit against Maryland in North Carolina state court after the Terrapins announced last week their intentions to join the Big Ten conference. The case was filed in the Greensboro courthouse Monday, a state court clerk confirmed to The Chronicle.
The lawsuit, which the clerk said is a contract suit, is likely regarding the payment of the $50 million required to leave the ACC. The exit fee was raised to that figure when the conference announced the addition of Notre Dame as a partial member in September. Maryland and Florida State were the only two schools to vote against the increase.
Mike Schoenfeld, vice president for public affairs and government relations, referred comment on the lawsuit to the ACC.
The ACC did not respond to requests for comment on the suit in time for publication.
This suit is no surprise. Before announcing their move to the B1G last week, Maryland’s lawyers advised the school that the ACC was vulnerable on this $50 million exit fee. The ACC disagrees.
If Maryland didn’t have any money to begin with, it will be interesting to see how much money they have to mount a significant legal defense. Maybe they aren’t so broke, after all?