Nov 28, 2012
Atlantic Coast Conference presidents and chancellors voted Wednesday to invite Louisville to the league as a replacement for Maryland, ESPN is reporting.
Since Maryland announced that it would leave the ACC for the Big Ten, there has been strong speculation that Connecticut or Louisville would be the league's replacement for the Terrapins.
Other schools that have lobbied for ACC invitations are Cincinnati, Connecticut, Navy and South Florida, according to {{a href="external_link-1'}}David Glenn of the ACC Sports Journal{{/a}}.
The ACC on Tuesday filed a lawsuit against Maryland seeking full payment of the approximately $53 million exit fee for the school's move to the Big Ten.
According to the 10-page lawsuit, the ACC said the school must pay $52,266,342, which is three times the league's annual operating budget for the 2012-13 season.
The Associated Press obtained a copy of the lawsuit filed Monday in Guilford County Superior Court, home to the league headquarters in Greensboro.
The lawsuit also states that Maryland President Wallace D. Loh has "refused to provide assurance" that the school will pay the exit fee and "has made it clear that defendant Maryland does not intend to pay the amount."
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."
"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," Swofford said.
The league raised its exit fee to roughly $50 million in September after adding Notre Dame in all sports except football, though it's still unclear exactly when the Fighting Irish will begin play in the ACC. The exit fee is three times the league's annual operating budget so it could fluctuate from year to year.
It is finally time to rename the ACC.- Posted by eddybal
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