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The original was posted on /r/cfb by /u/Baenergy44 on 2024-07-21 21:14:51+00:00.
Original Title: [Maryland in 2012] “The ACC has an exit fee of roughly $50 million, or three years’ worth of the conference’s annual revenue distribution. Maryland voted against increasing the exit fee when it was raised recently, and Loh has said he didn’t think it would hold up if challenged in court.”
Obviously this was 12 years ago, but what happened in the interim that made the so-called “exit fee” from the ACC so outrageous? I’ve been hearing numbers like $600 million for Florida State or Clemson to leave early.