The Atlantic Coast Conference has filed a lawsuit against Maryland seeking full payment of the approximately $53 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 annual operating budget for the 2012-13 season.
The lawsuit also states that Maryland President Wallace D. Loh has “refused to provide assurance” that the school will pay the exit fee and “has made it clear … Maryland does not intend to pay the amount.”
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