WRDW - Sports
Posted: Tue 3:24 PM, Nov 27, 2012
Reporter: Associated Press
ACC sues Maryland over exit fee
Tuesday November 27, 2012
GREENSBORO, N.C. (AP) -- The Atlantic Coast Conference has filed a lawsuit against Maryland seeking full payment of the $50 million exit fee for announcing a move to the Big Ten.
The Guilford County Superior Court clerk's office said the lawsuit was filed there Monday.
In a statement, Commissioner John Swofford says the ACC's council of presidents unanimously decided "to file legal action to ensure enforcement of this obligation."
The league raised its exit fee to $50 million in September after adding Notre Dame in all sports except football. Maryland was one of two schools that voted against the increased exit fee.
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