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So is this John Swofford's long game? Maryland leaving?
WHY THE HELL DID WE GO AFTER BOSTON COLLEGE, WHEN WE COULD HAVE LOCKED UP THE EASTCOAST WITH MORE HIGH VALUE TEAMS?!?!?!?!?!
The University of Maryland is in serious negotiations to join the Big Ten Conference, sources told ESPN.com on Saturday.
The Atlantic Coast Conference: A Tradition of Excellence... Then, Now and Always
Is possible but 50 million buy out makes it a difficult decision. Maryland jus dont fit with the big ten imo!
Talks are revving up... #IblameSwofford
He negotiated the ACC's TV Deals very poorly, he left too much money on the table so that Raycom could be part of the action.
This is what corruption gets you and if he were in any other organization, he would of been investigated by now.
I weep for the weakening of the conference under his leadership.... I swear had we the opportunity of being led by either Mike Slive, Larry Scott or Jim Delaney, we as a conference wouldn't be among the worst in the nation.
SWOFFORD IS KILLING THE CONFERENCE!!!!
ESPN.com and Yahoo! Sports are reporting that Maryland and Rutgers are close to finalizing a move to the Big Ten.
Does this really hurt the ACC?
I mean, I dislike losing a traditional ACC hoops power. But it seems like the only benefit for Maryland will be $$$ and feeling as if a conference cares about 'em. ... But I suspect its fan base won't really like it, and they'll be even more irrelevant in football and lose some hoops prestige.
You've got to be kidding right? This is a long-game and Delaney is setting-up for North Carolina. What message does Maryland's future departure send to programs like Florida State and Clemson? If a cash-strapped school can some way find 50M to leave this conference, don't you think for one moment FSU and Clemson will find a way to do the same.
What happens then? SEC targets NC State and Virginia Tech and the ACC fades into nothingness.
What's ironic is that once Maryland, NC State and Virginia Tech depart, they'll start recruiting better because somehow the ACC is becoming a brand that does not attract top talent and encourages ADs & Head Coaches to take the game of football less seriously.
I swear John Swofford has done something to either the minds of the ADs, Coaches or Presidents that mediocrity has become not only acceptable, but has also become the ACC way of doing things. Something about the other conferences inspire excellence that this conference seems utterly incapable of inspiring a pursuit of excellence and passion for the game that is the hallmark of college sports.
Funny thing is, basketball doesn't seem to suffer from this conference wide lethargy.....
If they want to leave good riddance to the twerps. We might miss there lax team but that is about it. When the new TV contract is signed we have one less team to split money with. Maybe we can trade them for Penn State.
This post was edited by JP4UNC 17 months ago
That would be sweet!
Maryland isn't a big loss and can be easily replaced.
Personally, I would prefer Louisville, but I understand why UConn is considered the front runner.
However, Maryland leaving the ACC could trigger renewed interest from opportunistic conferences in Clemson and FSU. That could be disastrous. ACC needs to entrench its position on the buyout and demand the full $50M.
Dan Hellie @DanHellie
Several highly connected folks at U. of Maryland said deal to Big 10 is done. Just need rubber stamp from Board. Announcement likely Monday
Dan Hellie = NBC4 Sports Anchor, Washington DC
Hope it does not snowball! The ACC has to act swiftly IMO. Negotiating with Penn State and or Louisville!
Hi Heels, from the Buckeye state. I follow this expansion stuff like its water and we have great discussions on our board going on.
For better or worse, these comments are accurate.
GaTech is also in talks, either to come with or instead of Rutgers. There was also a source citing UNC and UVa in there and possibly GaTech getting left out for UNC/UVa.
Have no idea how accuate the UNC/Uva rumor is, but GaTech is begging to get in, and Delany (a UNC alum) would love Atlanta market for BTN.
Bringing the B1G to 16. I enjoy the talk and feel free to PM me or ask anything you like.
I think you are right that your Commish has let you down. The ACC is strong conference with a rich tradition and great academics. Unfortunately, football is driving the bus, and the only three stable conferences in this regard on the Pac-12, SEC, & B10., and to grow the have to poach the others.
I think it's sad to see this happen to the ACC, it's not like the big east or the b12 that were just duct taped together. Unfortunatel its just the way things are going it appears...
I enjoy the talk and feel free to PM me or ask anything you like here.
This post was edited by buckeye9595 17 months ago
I think it will. When Pac-12 moves, it will have to poach from B12. Tv deals are coming up in a couple years, and now that everyone knows the money distribution for the new playoff, this is what accelerated it for Delany. That and the ND deal.
There is an academic component to the new bcs deal in terms of how much money you get.
It also appears the more teams you have, the more money you get.
Plank cashed in $64m in Under armour stock last week (5% off his holdings).
That will probably cover the exit fee.
Fox, which owns 49% of BTN also bought part of the YES network in NY last week.
This is leverage to get BTN on basic cable up there.
Not all coincidence.
Cashing in stock options is tax planning for 2012 with strategies that will sunset at the end of the year.
I would be very surprised if he covered the full nut on the $50M. Not saying he won't throw some cash that direction, but I don't think he is covering the full nut.
It is more likely that Maryland is betting that the ACC will not hold them to the $50M or that it will not hold up in court.
Considering the landscape, this is a dangerous bet by Maryland unless the B1G is subsidizing the risk.
"the ACC’s legal counsel was present during the September presidents’ meeting, listened to discussions concerning the exit-fee increase and is 'satisfied that the increased payment amount approved by the presidents is legally binding.'”
"To withdraw from the conference a member must file an official notice of withdrawal with each of the conference members and the commissioner on or before August 15 for the withdrawal to be effective June 30 of the following year. Upon official notice of withdrawal, the member will be subject to a withdrawal payment, as liquidated damages, in an amount equal to three times the total operating budget of the Conference (including any contingency included therein), approved in accordance with Section V-1 of the Conference Bylaws, which is in effect as of the date of the official notice of withdrawal. The Conference may offset the amount of such payment against any distributions otherwise due such member for any Conference year. Any remaining amount due shall be paid by the withdrawing member within 30 days after the effective date of withdrawal. The withdrawing member shall have no claim on the assets, accounts or income of the Conference. (Revised: September 2012)"
“'The law says that when you have liquidated damages, and in advance you anticipate a breaching of the contract, we will decide what the damages will be,' Loh said then. 'You talk about damages, not penalties, and it has to be a reasonable estimate. That’s the law. We live in a free economy. We want people to move freely in and out of relationships. That’s the philosophical principle. What constitutes reasonable? That’s for a court to decide.
'But if the damages are so huge that it prevents the mobility, the free movement of people, then I think it’s not good for society. Others may not be looking at it from this principle, and that’s their prerogative.'”
The problem with Loh's argument is that it ignores the ACC's ability to substantiate the damages. The damages will be easily supported in court if it gets that far with a market comparable, the deteriorating value of the Big East with the loss of member schools. There are other tort claims to support the damages, but that isn't an area of the law that I know a lot about. I just know that Loh's position isn't nearly as strong as some have intimated.
And I wouldn't expect the ACC to just sit back and let Maryland walk away. The endgame is keep FSU and Clemson in the fold. Maryland can walk as far as I am concerned as long as they pay the exit fee. UVA/VT carry the DC market just as much as Maryland does. The Big 12 can't cover the $50M like the B1G can.
GT is a little concerning b/c of the ATL market, but I don't think there is a lot of traction there. Delaney is playing hardball since he didn't get Notre Dame. Maryland, Rutgers, and GT are chess pieces, but he can't fill the cupboard before the game is over.
This post has been edited 3 times, most recently by GoingHeels 17 months ago
yep and true
My concern is Geographical! It is hard enough to recruit against the two power conferences without them suddenly having teams in your midst! The Quality not the quantity should be tell tell sign. There was reasons schools in certain areas got together. Travel. Recruiting having ideas in common. Now Leagues want schools because they want to be able to plug recruiting in a thousand miles away! The ACC is near Geographically perfect. Why would they say well Kansas is a good fit to our style lets get them in the ACC. I mean when WV went to the former Big 12 this year , that to me is overboard a
The BIG will pay the $50Mil and UMD will pay it back out of their split over several years. That's the only way any school could make the move.
I have no Idea why Rutgers is the other school other than the AAU affiliation. I would rather see VaTech so the BIG could get into the Virginia market.
Also, I would LOVE to see the BIG jump to 16 teams quickly and leave Notre Dame out in the cold.
rutgers to bolster NY markket
By 2017 the difference between what the ACC and Big Ten payout to each member will be over $10 million per year. It is already $7.6 million.
Doubt Maryland pays anywhere near $50 million because it's based on damages from a new contract that is only two months old, that Maryland voted against and never signed. Basically, Maryland still has the right of freedom of association. it will be hard for the ACC to prove in civil court that Maryland caused $50 million in damages. Unless Notre Dame pulls out of the new deal, the ACC will have a very hard time proving any damages. Maryland could tie this up in the court system for 10-15 years and cost the ACC millions in legal fees. Much more likely that Maryland and the ACC have already agreed upon a exit fee and that it will be closer to the original $20 million exit fee.
We are in discussions to increase our contract at this present time. You are assuming what the difference will be in 2017. I think the addition of ND will add quite a bit to our contract.
Unless Maryland has leveraged their position (which is difficult to imagine given the circumstances), they will receive approximately $13M less than the rest of the B1G while it buys into Big Ten Network, like Nebraska is doing now. I believe that is a five year period.
You are wrong on this account. I am not saying they will pay the full $50M. However, it is a pretty well established legal precedent that you are bound to the rules and regulations established by free associations to which you voluntarily subject yourself.
The biggest thing that non-lawyers keep asserting is that it is punitive. Easiest way to show it is not punitive is to show actual damage. With the ongoing negotiations with ESPN for the new look-in with the addition of ND and the market comparable with the deteriorated value of the Big East, the damages will be easily supported.
This non-sense about restriction of free association is a claim that will get, as one of my buddies likes to say when he makes a claim disappear, "SJ'd!" Summary judgement.
Sounds like they are headed to the Big 10(14). If they take Ron Cherry too, ill through in a big chunk of $$ for their exit fee
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