Here in my home state, this is big news. Should be interesting to read...
http://hosted.ap.org/dynamic/stories/U/US_ACC_MARYLAND_LAWSUIT_NCOL-?SITE=NCWIN&SECTION=HOME&TEMPLATE=DEFAULT
9/26/13
ACC, Maryland exit lawsuit before NC appeals court
RALEIGH, N.C. (AP) -- Judges in North Carolina will weigh in on the big-money game of musical chairs involving universities, athletics conferences and billions of dollars in broadcast revenues.
North Carolina's Court of Appeals is hearing arguments Thursday into whether the University of Maryland will pay a $52 million exit fee for leaving the Atlantic Coast Conference. A ruling could take several months, and any decision could be appealed to the state Supreme Court.
The ACC sued Maryland in North Carolina, where the conference is headquartered, after the school said in November it is leaving for the Big Ten Conference. The university responded by suing the ACC in Maryland in January, calling the amount an illegal penalty. A Maryland judge has put the school's lawsuit on hold until North Carolina courts issue a final judgment.
Coming court decisions will set the size of a likely financial settlement as well as help develop ground rules on financial penalties tied to shifting sports allegiances, said Paul Haagen, a Duke University law professor and co-director of the school's sports law center.
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