(08-08-2014 01:22 PM)Minutemen429 Wrote:  

(08-08-2014 12:58 PM)Dasville Wrote:  For all the ACC bashers, how is this "not" a win for the ACC?

Pull up any threads from the last couple months on the subject, the ACC was not going to get anything less than $52 million. No North Carolina court would go against the ACC, it was a slam dunk.

Pull up all of my posts on the subject since the suit was filed and you will that I always predicted a settlement in the $27 million range.

(08-08-2014 01:24 PM)cuseroc Wrote:  

(08-08-2014 01:03 PM)Kaplony Wrote:  

(08-08-2014 12:58 PM)Dasville Wrote:  For all the ACC bashers, how is this "not" a win for the ACC?

http://www.news-record.com/sports/articl...l?mode=jqm

Quote:The league’s Council of Presidents voted unanimously Friday to file suit.

“We continue to extend our best wishes to the University of Maryland; however, there is the expectation that Maryland will fulfill its exit fee obligation,” commissioner John Swofford said in a statement. “On Friday, the ACC Council of Presidents made the unanimous decision to file legal action to ensure the enforcement of this obligation.”

The ACC voted to raise the exit fee to three times its annual operating budget — which totals around $52.3 million this year — when it added Notre Dame as a member in all sports but football in September.

Quote:The ACC has remained adamant that it will enforce the entire $52 million and that the new exit fee is “legally binding.”

An ACC official said Maryland’s public statements of disagreement with the fee led the league’s presidents to conclude it was in the ACC’s “best interest” to file suit.

What did you expect them to say, "We know the exit fee is $52 million but we'll take whatever we can get."

Why would the Acc give up their position of strength by saying something that dumb? I dont think there were many ACC fans who thought the ACC was going to get the full $52 million. I consider it a win for the ACC because they didnt have to pay Maryland one red cent out of their coiffures that they withheld from Maryland. Maryland, on the other hand wanted to get some of that money, which they got NOTHING.

I don't know how many who thought that, but virtually all the ones on this board did.

(08-08-2014 01:25 PM)bullet Wrote:  $11 million is a decent amount higher than the old fee.

Old fee + Lawyer fees = $31M ??

(08-08-2014 01:27 PM)TerryD Wrote:  

(08-08-2014 01:22 PM)Minutemen429 Wrote:  

(08-08-2014 12:58 PM)Dasville Wrote:  For all the ACC bashers, how is this "not" a win for the ACC?

Pull up any threads from the last couple months on the subject, the ACC was not going to get anything less than $52 million. No North Carolina court would go against the ACC, it was a slam dunk.

Pull up all of my posts on the subject since the suit was filed and you will that I always predicted a settlement in the $27 million range.

I thought you said Notre Dame was an independent!

(08-08-2014 01:29 PM)SeaBlue Wrote:  

(08-08-2014 01:25 PM)bullet Wrote:  $11 million is a decent amount higher than the old fee.

Old fee + Lawyer fees = $31M ??

No, the ACC doesn't have a lot of legal money in this. If MD had been smart, they would not have said at the first news conference that they would not pay. That's what gave the ACC the green light to begin withholding their distribution.

I don't think anyone every had a good answer for how the ACC would collect on the judgment beyond the amount withheld.

(08-08-2014 01:27 PM)TerryD Wrote:  

(08-08-2014 01:22 PM)Minutemen429 Wrote:  

(08-08-2014 12:58 PM)Dasville Wrote:  For all the ACC bashers, how is this "not" a win for the ACC?

Pull up any threads from the last couple months on the subject, the ACC was not going to get anything less than $52 million. No North Carolina court would go against the ACC, it was a slam dunk.

Pull up all of my posts on the subject since the suit was filed and you will that I always predicted a settlement in the $27 million range.

No TerryD you kept the same prediction the whole time. But there were plenty of people saying it would be the whole $52 million, but to be fair on the other side people were saying it would be significantly lower than the settled amount. Everytime somebody brought up the Maryland ACC suit the thread would go atleast 20 pages.

(08-08-2014 01:30 PM)lumberpack4 Wrote:  

(08-08-2014 01:29 PM)SeaBlue Wrote:  

(08-08-2014 01:25 PM)bullet Wrote:  $11 million is a decent amount higher than the old fee.

Old fee + Lawyer fees = $31M ??

No, the ACC doesn't have a lot of legal money in this.

So all the court stuff the last 18 months the legal teams didn't charge anything for? Yeah right.....

(08-08-2014 01:29 PM)bullet Wrote:  

(08-08-2014 01:27 PM)TerryD Wrote:  

(08-08-2014 01:22 PM)Minutemen429 Wrote:  

(08-08-2014 12:58 PM)Dasville Wrote:  For all the ACC bashers, how is this "not" a win for the ACC?

Pull up any threads from the last couple months on the subject, the ACC was not going to get anything less than $52 million. No North Carolina court would go against the ACC, it was a slam dunk.

Pull up all of my posts on the subject since the suit was filed and you will that I always predicted a settlement in the $27 million range.

I thought you said Notre Dame was an independent!

It is. I would have the same legal opinion if ND were in the NFL.

(08-08-2014 01:32 PM)stever20 Wrote:  

(08-08-2014 01:30 PM)lumberpack4 Wrote:  

(08-08-2014 01:29 PM)SeaBlue Wrote:  

(08-08-2014 01:25 PM)bullet Wrote:  $11 million is a decent amount higher than the old fee.

Old fee + Lawyer fees = $31M ??

No, the ACC doesn't have a lot of legal money in this.

So all the court stuff the last 18 months the legal teams didn't charge anything for? Yeah right.....

Both sides paid out the ass in legal fees for this, you can be certain of that.

(08-08-2014 01:34 PM)TerryD Wrote:  

(08-08-2014 01:29 PM)bullet Wrote:  

(08-08-2014 01:27 PM)TerryD Wrote:  

(08-08-2014 01:22 PM)Minutemen429 Wrote:  

(08-08-2014 12:58 PM)Dasville Wrote:  For all the ACC bashers, how is this "not" a win for the ACC?

Pull up any threads from the last couple months on the subject, the ACC was not going to get anything less than $52 million. No North Carolina court would go against the ACC, it was a slam dunk.

Pull up all of my posts on the subject since the suit was filed and you will that I always predicted a settlement in the $27 million range.

I thought you said Notre Dame was an independent!

It is. I would have the same legal opinion if ND were in the NFL.

So you don't count as an ACC fanboy.

(08-08-2014 01:32 PM)stever20 Wrote:  

(08-08-2014 01:30 PM)lumberpack4 Wrote:  

(08-08-2014 01:29 PM)SeaBlue Wrote:  

(08-08-2014 01:25 PM)bullet Wrote:  $11 million is a decent amount higher than the old fee.

Old fee + Lawyer fees = $31M ??

No, the ACC doesn't have a lot of legal money in this.

So all the court stuff the last 18 months the legal teams didn't charge anything for? Yeah right.....

If you think it cost $11 million you are crazy. None of this legal work involved vast teams of folks on the ACC attempting to take depositions, etc., etc.

(08-08-2014 01:35 PM)TerryD Wrote:  

(08-08-2014 01:32 PM)stever20 Wrote:  

(08-08-2014 01:30 PM)lumberpack4 Wrote:  

(08-08-2014 01:29 PM)SeaBlue Wrote:  

(08-08-2014 01:25 PM)bullet Wrote:  $11 million is a decent amount higher than the old fee.

Old fee + Lawyer fees = $31M ??

No, the ACC doesn't have a lot of legal money in this.

So all the court stuff the last 18 months the legal teams didn't charge anything for? Yeah right.....

Both sides paid out the ass in legal fees for this, you can be certain of that.

The league did not pay what MD did.

Also, remember that Maryland got $30M from the B1G in "travel reimbursements." They're not losing a whole lot.

(08-08-2014 01:35 PM)lumberpack4 Wrote:  

(08-08-2014 01:32 PM)stever20 Wrote:  

(08-08-2014 01:30 PM)lumberpack4 Wrote:  

(08-08-2014 01:29 PM)SeaBlue Wrote:  

(08-08-2014 01:25 PM)bullet Wrote:  $11 million is a decent amount higher than the old fee.

Old fee + Lawyer fees = $31M ??

No, the ACC doesn't have a lot of legal money in this.

So all the court stuff the last 18 months the legal teams didn't charge anything for? Yeah right.....

If you think it cost $11 million you are crazy. None of this legal work involved vast teams of folks on the ACC attempting to take depositions, etc., etc.

No it was vast teams of folks coaching the ACC people giving depositions.

Have you looked at legal rates lately? It probably wasn't $11 million, but its possible. There was a lawsuit that never went to trial in Atlanta with a school district and a construction firm that got to over $30 million in legal fees before they negotiated a contingency on future costs.

(08-08-2014 01:40 PM)CommuterBob Wrote:  Also, remember that Maryland got $30M from the B1G in "travel reimbursements." They're not losing a whole lot.

I think that was a loan. They get it now, but it gets taken out over an extended period.
But they will make it up over time with additional conference distributions.

The folks arguing that the ACC would collect $52 million were arguing that a court decision would award them that amount. Since this was a result of mediation, it does not prove or disprove that prediction. They simply resolved it in another manner.

Posted from my mobile device using the CSNbbs App

(08-08-2014 01:40 PM)bullet Wrote:  

(08-08-2014 01:35 PM)lumberpack4 Wrote:  

(08-08-2014 01:32 PM)stever20 Wrote:  

(08-08-2014 01:30 PM)lumberpack4 Wrote:  

(08-08-2014 01:29 PM)SeaBlue Wrote:  Old fee + Lawyer fees = $31M ??

No, the ACC doesn't have a lot of legal money in this.

So all the court stuff the last 18 months the legal teams didn't charge anything for? Yeah right.....

If you think it cost $11 million you are crazy. None of this legal work involved vast teams of folks on the ACC attempting to take depositions, etc., etc.

No it was vast teams of folks coaching the ACC people giving depositions.

Have you looked at legal rates lately? It probably wasn't $11 million, but its possible. There was a lawsuit that never went to trial in Atlanta with a school district and a construction firm that got to over $30 million in legal fees before they negotiated a contingency on future costs.

I know all about legal fees.

Just how many depositions do you think the ACC folks ever gave?

Asking for a deposition is one thing. Giving it is another.

I'm sure that folks will soon pop up to say that the ACC spent $50 million just to get a settlement.

(08-08-2014 01:35 PM)bullet Wrote:  

(08-08-2014 01:34 PM)TerryD Wrote:  

(08-08-2014 01:29 PM)bullet Wrote:  

(08-08-2014 01:27 PM)TerryD Wrote:  

(08-08-2014 01:22 PM)Minutemen429 Wrote:  Pull up any threads from the last couple months on the subject, the ACC was not going to get anything less than $52 million. No North Carolina court would go against the ACC, it was a slam dunk.

Pull up all of my posts on the subject since the suit was filed and you will that I always predicted a settlement in the $27 million range.

I thought you said Notre Dame was an independent!

It is. I would have the same legal opinion if ND were in the NFL.

So you don't count as an ACC fanboy.

Nope, but to be fair (to me, lol), you did not mention "ACC fanboy" in your post.

I'm so shocked the thing that every reasonable person thought would happen, did.

There was only one winner here: The lawyers.

(08-08-2014 01:41 PM)bullet Wrote:  

(08-08-2014 01:40 PM)CommuterBob Wrote:  Also, remember that Maryland got $30M from the B1G in "travel reimbursements." They're not losing a whole lot.

I think that was a loan. They get it now, but it gets taken out over an extended period.
But they will make it up over time with additional conference distributions.

Nope. A subsidy is not a loan, but it likely is over a few years at least.

http://articles.baltimoresun.com/2013-03...department

Rutgers does not get such assistance.