(08-08-2014 07:03 PM)mj4life Wrote:  

(08-08-2014 05:50 PM)Wilkie01 Wrote:  

(08-08-2014 12:37 PM)OrangeXtreme Wrote:  GREENSBORO, N.C. – The Atlantic Coast Conference and the University of Maryland 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.

http://www.theacc.com/#!/news-detail/agr...-14_lryjmo

So 14 ACC schools (Louisville not included) will each get $2,240,128 from Maryland.

Syracuse ,Pitt & Notre Dame weren't members at the time of this court case& won't get any of it

Syracuse and Pitt signed up for an ACC with Maryland. They have every right to be compensated for increased costs, especially since legal costs were borne while they were members. Is this written somewhere or speculation?

(08-08-2014 07:06 PM)TexanMark Wrote:  

(08-08-2014 07:03 PM)mj4life Wrote:  

(08-08-2014 05:50 PM)Wilkie01 Wrote:  

(08-08-2014 12:37 PM)OrangeXtreme Wrote:  GREENSBORO, N.C. – The Atlantic Coast Conference and the University of Maryland 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.

http://www.theacc.com/#!/news-detail/agr...-14_lryjmo

So 14 ACC schools (Louisville not included) will each get $2,240,128 from Maryland.

Syracuse ,Pitt & Notre Dame weren't members at the time of this court case& won't get any of it

Syracuse and Pitt signed up for an ACC with Maryland. They have every right to be compensated for increased costs, especially since legal costs were borne while they were members. Is this written somewhere or speculation?

But you weren't legally members, just like you didn't vote on Louisville's inclusion. Now the league may decide to do something for the benefit of the conference with these funds but they don't have to.

I'm guessing this money will be used to buy back rights so the network can get started.

(08-08-2014 07:12 PM)mj4life Wrote:  

(08-08-2014 07:06 PM)TexanMark Wrote:  

(08-08-2014 07:03 PM)mj4life Wrote:  

(08-08-2014 05:50 PM)Wilkie01 Wrote:  

(08-08-2014 12:37 PM)OrangeXtreme Wrote:  GREENSBORO, N.C. – The Atlantic Coast Conference and the University of Maryland 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.

http://www.theacc.com/#!/news-detail/agr...-14_lryjmo

So 14 ACC schools (Louisville not included) will each get $2,240,128 from Maryland.

Syracuse ,Pitt & Notre Dame weren't members at the time of this court case& won't get any of it

Syracuse and Pitt signed up for an ACC with Maryland. They have every right to be compensated for increased costs, especially since legal costs were borne while they were members. Is this written somewhere or speculation?

But you weren't legally members, just like you didn't vote on Louisville's inclusion. Now the league may decide to do something for the benefit of the conference with these funds but they don't have to.

So what is it? Did you read specifically they are not getting compensated or are you speculating?

I would think we will get some money from it but nothing major like a half share each for pitt and us

(08-08-2014 07:43 PM)TexanMark Wrote:  

(08-08-2014 07:12 PM)mj4life Wrote:  

(08-08-2014 07:06 PM)TexanMark Wrote:  

(08-08-2014 07:03 PM)mj4life Wrote:  

(08-08-2014 05:50 PM)Wilkie01 Wrote:  So 14 ACC schools (Louisville not included) will each get $2,240,128 from Maryland.

Syracuse ,Pitt & Notre Dame weren't members at the time of this court case& won't get any of it

Syracuse and Pitt signed up for an ACC with Maryland. They have every right to be compensated for increased costs, especially since legal costs were borne while they were members. Is this written somewhere or speculation?

But you weren't legally members, just like you didn't vote on Louisville's inclusion. Now the league may decide to do something for the benefit of the conference with these funds but they don't have to.

So what is it? Did you read specifically they are not getting compensated or are you speculating?

Reasoning, but I could be wrong. It's no big issue to me either way.

(08-08-2014 08:17 PM)mj4life Wrote:  

(08-08-2014 07:43 PM)TexanMark Wrote:  

(08-08-2014 07:12 PM)mj4life Wrote:  

(08-08-2014 07:06 PM)TexanMark Wrote:  

(08-08-2014 07:03 PM)mj4life Wrote:  Syracuse ,Pitt & Notre Dame weren't members at the time of this court case& won't get any of it

Syracuse and Pitt signed up for an ACC with Maryland. They have every right to be compensated for increased costs, especially since legal costs were borne while they were members. Is this written somewhere or speculation?

But you weren't legally members, just like you didn't vote on Louisville's inclusion. Now the league may decide to do something for the benefit of the conference with these funds but they don't have to.

So what is it? Did you read specifically they are not getting compensated or are you speculating?

Reasoning, but I could be wrong. It's no big issue to me either way.

I thought that we were. Didn't this happen during last season? If not, things blur together.

(08-08-2014 08:10 PM)Chris02M Wrote:  I would think we will get some money from it but nothing major like a half share each for pitt and us

I would think Pitt and Cuse would get a full share, since they had agreed to join the ACC when MD left.

I agree with other posters that the money should go towards buying back our tier 3 rights for an ACC network.

There were several on here who insisted the ACC would receive the "full" amount.

It was also said that the ACC couldn't settle because that'd set a bad precedent.

Wonder what these incredibly insightful people are saying now.

(08-08-2014 10:15 PM)Marge Schott Wrote:  There were several on here who insisted the ACC would receive the "full" amount.

It was also said that the ACC couldn't settle because that'd set a bad precedent.

Wonder what these incredibly insightful people are saying now.

Getting a judgment and collecting a judgment are two vastly separate things. After 18 months I've yet to see any solid plan on how to collect the judgment past what was withheld. You would be chasing MD in MD and you would be attempting to attach monies coming from the NCAA to the B10 to MD.

ACC keeps the 31.4 million that has been withheld and Maryland owes nothing more. Considering that the money was withheld and the time-value of money this seems like a decent outcome for both parties.

If the ACC invested the withheld money wisely that is maybe $35 million.

So the questions were ... how much would it cost to go after MD in MD? How much more than $35 million are you likely to recoup? Is it possible to end up with less than $35 million if you pursue that?

The answers seem to be ... more than we're likely to gain, not terribly much, possible.

(08-08-2014 10:20 PM)lumberpack4 Wrote:  

(08-08-2014 10:15 PM)Marge Schott Wrote:  There were several on here who insisted the ACC would receive the "full" amount.

It was also said that the ACC couldn't settle because that'd set a bad precedent.

Wonder what these incredibly insightful people are saying now.

Getting a judgment and collecting a judgment are two vastly separate things. After 18 months I've yet to see any solid plan on how to collect the judgment past what was withheld. You would be chasing MD in MD and you would be attempting to attach monies coming from the NCAA to the B10 to MD.

(08-09-2014 04:54 AM)georgia_tech_swagger Wrote:  If the ACC invested the withheld money wisely that is maybe $35 million.

So the questions were ... how much would it cost to go after MD in MD? How much more than $35 million are you likely to recoup? Is it possible to end up with less than $35 million if you pursue that?

The answers seem to be ... more than we're likely to gain, not terribly much, possible.

Which is what people had been saying all along. Yet "some" were insistent that the ACC would not settle and would receive the "full" amount. Seems like "they" have already changed their tune.

seed money for a network to take moribund maryland off our hands ...

MORE THAN FAIR

I commend our Council of Presidents and specifically Miami President Donna Shalala for steering us to this resolution.
-- ACC Commissioner John Swofford

QUEEN BEE

(08-10-2014 12:27 PM)green Wrote:  I commend our Council of Presidents and specifically Miami President Donna Shalala for steering us to this resolution.
-- ACC Commissioner John Swofford

QUEEN BEE

The Presidents and Chancellors are more active behind the scenes that what's generally recognized.

[/quote]The Presidents and Chancellors are more active behind the scenes that what's generally recognized.
[/quote]

This fact is often overlooked in every conference. The B1G lost momentum because they could not agree on anyone other than UNL. They were stuck with a bankrupt Athletic Department needing a bailout and bringing them in failed to do the harm they sought to cause. (Obviously, the UT and ND rejections hurt the overall goal, but they had around 24 teams on the board!)

The PAC 12 missed out on the grandslam because TAMU didn't want to go west. Then, UT stopped looking West and they refused OU and friends without UT.

The Big 12 couldn't agree on anything and ended up with WVU which is hundreds of miles from everyone, unless it's measured in thousands of miles.

Point being, that the Conference Commissioner is limited by what the presidents/chancellors allow them to do. What would the landscape look like if Delaney had his way and the B1G went to 14 or 16 teams?

(08-09-2014 05:37 AM)Marge Schott Wrote:  

(08-08-2014 10:20 PM)lumberpack4 Wrote:  

(08-08-2014 10:15 PM)Marge Schott Wrote:  There were several on here who insisted the ACC would receive the "full" amount.

It was also said that the ACC couldn't settle because that'd set a bad precedent.

Wonder what these incredibly insightful people are saying now.

Getting a judgment and collecting a judgment are two vastly separate things. After 18 months I've yet to see any solid plan on how to collect the judgment past what was withheld. You would be chasing MD in MD and you would be attempting to attach monies coming from the NCAA to the B10 to MD.

(08-09-2014 04:54 AM)georgia_tech_swagger Wrote:  If the ACC invested the withheld money wisely that is maybe $35 million.

So the questions were ... how much would it cost to go after MD in MD? How much more than $35 million are you likely to recoup? Is it possible to end up with less than $35 million if you pursue that?

The answers seem to be ... more than we're likely to gain, not terribly much, possible.

Which is what people had been saying all along. Yet "some" were insistent that the ACC would not settle and would receive the "full" amount. Seems like "they" have already changed their tune.

Indeed. The spin has been amusing.

Predictable, but amusing nonetheless.

(08-08-2014 07:25 PM)jaminandjachin Wrote:  I'm guessing this money will be used to buy back rights so the network can get started.

That's what I think also.

(08-10-2014 07:39 PM)texasorange Wrote:  

(08-08-2014 07:25 PM)jaminandjachin Wrote:  I'm guessing this money will be used to buy back rights so the network can get started.

That's what I think also.

Whether that's actually what happens or not, it's almost entirely a csnbbs message board fantasy at this point. There is NOTHING to support that claim/hope.