Maryland may not be able to get out of the ACC in time to make the deadline for 2014, unless they give on the $52mil.
http://www.wave3.com/story/23917217/rams...-done-deal
Quote:Ramsey told 84WHAS' Tony Cruise on Friday that "a lot of things [have to] fall into place" before UofL can join the ACC as planned. "Maryland's got to leave, and they're, you know, challenging their payout that was changed," Ramsey said. "But if they get out, we believe that we'll be ready... to move right in."
(11-08-2013 02:12 PM)OrangeCrush22 Wrote: [ -> ]Maryland may not be able to get out of the ACC in time to make the deadline for 2014, unless they give on the $52mil.
Well let's see... The ACC has another school on deck, one with a better batting average, and yet they're claiming damages to the tune of $52M to find a replacement that they already have... My guess is they don't want Maryland around for another season.
yeah, at some point the ACC needs to get their head out of their butt and move on.
I can just imagine what Louisville is thinking...
Of course, I could see Maryland saying **** you ACC- and let's see you stop us from playing in the Big Ten next year- similar to WV with the Big East.
Sounds like a ploy to create leverage in settlement negotiations.
(11-08-2013 02:32 PM)orangefan Wrote: [ -> ]Sounds like a ploy to create leverage in settlement negotiations.
I could see it, but like I said, I could see Maryland calling the bluff. I don't see any scenario of Maryland in the ACC in 2014.
The ACC's fight isn't about Maryland anymore, it's about binding agreement and enforcement of conference contracts... the exit fees in the membership agreement and now the grant of rights. You give on one, and you'll be forced to give on others... that's why the ACC wants Maryland MONEY to be there for trying to leave.
This is absurd. Maryland has been incorporated into the CIC as well as the B1G's schedule through 2021. They are gone. The $52M isn't stopping them from leaving. If anything UL hasn't quite fully settled with the American about how much they would have to pay to leave a year early, but I doubt that is much of an issue given how diplomatic UL has been about it. I think the president may be overstating something here and misspoke, but it isn't that UL is waiting on Maryland to leave. They are gone.
Since it appears that Louisville is more valuable to the ACC than Maryland, it could be argued that there are no damages to the ACC due to Maryland's departure and no money is due to the ACC.
I think the $52+ million will be substantially reduced in an out of court settlement.
(11-08-2013 02:36 PM)CommuterBob Wrote: [ -> ]This is absurd. Maryland has been incorporated into the CIC as well as the B1G's schedule through 2021. They are gone. The $52M isn't stopping them from leaving. If anything UL hasn't quite fully settled with the American about how much they would have to pay to leave a year early, but I doubt that is much of an issue given how diplomatic UL has been about it. I think the president may be overstating something here and misspoke, but it isn't that UL is waiting on Maryland to leave. They are gone.
Sounds like nonsense to me as well. Maryland gave the proper notice. ACC can't keep them (and couldn't even if they didn't give proper notice). Maryland knows this. Probably just Ramsey shooting from the hip without knowing what he is talking about.
Oh, and if Maryland is by some chance not joining the B1G in 2014, then neither is Rutgers.
(11-08-2013 02:27 PM)SeaBlue Wrote: [ -> ] (11-08-2013 02:12 PM)OrangeCrush22 Wrote: [ -> ]Maryland may not be able to get out of the ACC in time to make the deadline for 2014, unless they give on the $52mil.
Well let's see... The ACC has another school on deck, one with a better batting average, and yet they're claiming damages to the tune of $52M to find a replacement that they already have... My guess is they don't want Maryland around for another season.
I don't think the ACC is claiming damages. It wants its exit fee. Maryland will almost definitely pay more than the previous $20M but less than the ~$52M that it was at at the time of their announcement last year.
(11-08-2013 02:47 PM)bullet Wrote: [ -> ] (11-08-2013 02:36 PM)CommuterBob Wrote: [ -> ]This is absurd. Maryland has been incorporated into the CIC as well as the B1G's schedule through 2021. They are gone. The $52M isn't stopping them from leaving. If anything UL hasn't quite fully settled with the American about how much they would have to pay to leave a year early, but I doubt that is much of an issue given how diplomatic UL has been about it. I think the president may be overstating something here and misspoke, but it isn't that UL is waiting on Maryland to leave. They are gone.
Sounds like nonsense to me as well. Maryland gave the proper notice. ACC can't keep them (and couldn't even if they didn't give proper notice). Maryland knows this. Probably just Ramsey shooting from the hip without knowing what he is talking about.
Agreed. Maryland filed proper notice to leave the ACC, has filed a lawsuit against the ACC, and has already altered schedules to accommodate the B1G. There's zero chance that they don't move.
Let's not ignore the fact that by the time July rolls around, the ACC would have withheld over 30 million.
(11-08-2013 03:09 PM)jaminandjachin Wrote: [ -> ]Let's not ignore the fact that by the time July rolls around, the ACC would have withheld over 30 million.
that's all they'll be able to withhold. They won't be able to hold them hostage like this guy is trying to claim.
(11-08-2013 03:09 PM)jaminandjachin Wrote: [ -> ]Let's not ignore the fact that by the time July rolls around, the ACC would have withheld over 30 million.
And in the ACC's mind, Maryland will still owe around $22M. What's your point?
(11-08-2013 02:36 PM)IceJus10 Wrote: [ -> ]The ACC's fight isn't about Maryland anymore, it's about binding agreement and enforcement of conference contracts... the exit fees in the membership agreement and now the grant of rights. You give on one, and you'll be forced to give on others... that's why the ACC wants Maryland MONEY to be there for trying to leave.
Yep.
Maryland should have just stayed put. I don't see how playing Michigan, OSU, Nebraska is more desirable to the Maryland fanbase than playing FSU, UVA, UNC, etc. Some of these moves made sense but man seeing a true blue ACC team like Maryland in the Big 10 just looks silly to me.
(11-08-2013 03:14 PM)CommuterBob Wrote: [ -> ] (11-08-2013 03:09 PM)jaminandjachin Wrote: [ -> ]Let's not ignore the fact that by the time July rolls around, the ACC would have withheld over 30 million.
And in the ACC's mind, Maryland will still owe around $22M. What's your point?
Everyone is still arguing over how much Maryland will shell out. People seem to still think the 20-25 million will hold up in court. If this thing drags out that far then we're way past that amount.
(11-08-2013 03:12 PM)stever20 Wrote: [ -> ] (11-08-2013 03:09 PM)jaminandjachin Wrote: [ -> ]Let's not ignore the fact that by the time July rolls around, the ACC would have withheld over 30 million.
that's all they'll be able to withhold. They won't be able to hold them hostage like this guy is trying to claim.
No need to hold them hostage. Maryland will string this along as far as they can go then pay up.
or just not pay up and leave. I don't see the ACC going to Michigan to force them not to play in the Big Ten...