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PostPosted: Fri Aug 08, 2014 3:13 pm 
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The ACC and Maryland reach an agreement. $31 million. Pay us most of the money you owe me, and we'll let you leave without your legs broken. The Big 10 can break your legs in football. :lol:

http://www.theacc.com/#!/video-detail/V ... CYw2OTeQBy


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PostPosted: Fri Aug 08, 2014 4:38 pm 
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Another release from the ACC (I think the official one) regarding the settlement with UMD.

Win, lose, or draw for whom?


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PostPosted: Fri Aug 08, 2014 6:59 pm 
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Result is not suprising, only the quick announcement on the heels of the ncaa-power 5 decision. CBSsports says Maryland is the winner because of the BIG money coming. It's 60/40 either way at best. It would have cost Maryland millions more to try to get any of the withheld money released. And Maryland does not pay anything in beyond the withholdings. The simple thing to do for both. Good it's finally over. The parties could have had this kind of deal months ago.


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PostPosted: Fri Aug 08, 2014 11:19 pm 
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sec03 wrote:
Result is not suprising, only the quick announcement on the heels of the ncaa-power 5 decision. CBSsports says Maryland is the winner because of the BIG money coming. It's 60/40 either way at best. It would have cost Maryland millions more to try to get any of the withheld money released. And Maryland does not pay anything in beyond the withholdings. The simple thing to do for both. Good it's finally over. The parties could have had this kind of deal months ago.


Maryland loses short term, wins long term.

ACC payout was less than 19 million with little growth projected w/o network or expansion.

B1G payout was ~23 million IIRC so they'd likely make up that 30 million in less than a decade...BUT

when you consider the growth potential of the BTN w/ MD/DC NJ/NYC deals plus these new markets just in time for the new big$ TV deal in 2 years, I bet MD the full 30 million back before 2020.

I just wonder if FSU (or any ACC school) can use this as the new defacto buyout number 30 million or ~2 years revenue distribution...

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PostPosted: Sat Aug 09, 2014 7:33 am 
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tkalmus wrote:
Maryland loses short term, wins long term.


Ultimately, yeah, I can get onboard with that. Over time, the money from the conference is going to pay for its immediate financial losses. It's just a question of how long is "long term."

I still paint them more the loser in this, though, and I don't think the ACC won, either. I thought Maryland had the better case for them, having voted against the increased buyout while questioning the core procedural schema, and having left soon after that increase. Maryland walks out paying more than it probably should have, imo, while also leaving no permanent damage to the ACC in terms of ESPN and other ACC school collusion, or any solid judgement on protocol. Will this outcome delay any attempts to resurrect the shuttered programs?

And, of course, there's the chance nobody from the core of the ACC, including Virginia, ever touches the Terps again, riling some fans and alumni to question what the move really was for, other than to make more money on paper. I still doubt if the move is going to be worthwhile culturally and even academically.

But, it's by no means a win for the ACC. Nearly two years later, they get, what, $8-10m more, a little over half what they claimed they were entitled to? So, what's the real buyout, if the ACC caved? Was suing really worth it, considering UMD could have been on board giving $20-25m had all things ended amicably? That procedural shift sure looks a bit more punitive now.

Quote:
I just wonder if FSU (or any ACC school) can use this as the new defacto buyout number 30 million or ~2 years revenue distribution...


The GoR complicates that, as FSU did commit. For anyone other than FSU, I doubt the value comes down...because they voted for the increased buyout. Their leverage wouldn't be the same as Maryland's, I'd suspect.

If there's still a crack in the ACC dike, it's the network, or even that first look-in window. I really doubt ACC legal can withstand schools going after Swofford's lack of prowess in media negotiations. It was in good faith some of the schools were willing to take a bum deal like that...Swofford has to make good.


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PostPosted: Sat Aug 09, 2014 10:00 am 
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Maryland wins

Long term B1G willing survive, ACC may or may not now you can set your plans in motion without worries of your conference mates dumping you at the alter.


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PostPosted: Sat Aug 09, 2014 6:54 pm 
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Gemofthehills wrote:
Maryland wins


I guess I'm a bit more skeptical than that. I want to see Byrd and the XFinity Center sell out and for other Big Ten venues to sell out when the Terps visit. Tradition doesn't just happen, and people from the original ten schools aren't necessarily going to warm up to these guys just because they wear a Big Ten patch like the others. Certain fanbases still shrug at Penn State...the history isn't there yet.

Maryland hoops fans aren't going to consider PSU their rival, but probably Indiana, Michigan, and Michigan State...who's fans might not really care as much as UMD's. Rutgers has their sites on PSU...I doubt Nittany Lion fans give a crap. Heck, to me, it's just Temple in a lighter shade of red and a "R" on the helmet rather than a "T."

I think Maryland could have departed under better terms, but chose a swift and deceitful path. It's one thing to slam NDA's on your BoT members, but to ignore the phone calls or even just keeping Swofford and other schools out of the discussion altogether. Maybe the ACC wasn't making much of a financial case for Maryland to stay, but it wasn't like UMD wasn't a profitable department. It just suffered massive mismanagement...that's unfortunately continued with Dr. Loh.


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PostPosted: Sat Aug 16, 2014 12:29 pm 
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Notre Dame news of an academic scandal involving athletes. UNC has got some company now.
No need for them to worry. The NCAA protects the most arrogant ones.


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