- Joined
- May 21, 2012
- Messages
- 181
- Reaction Score
- 206
The time difference is approximately 6 months. Maryland departed in November, 2012. The ACC got the GOR in May, 2013, and ESPN revised its numbers over the Summer, 2013. So the time difference is 6-8 months. The revision was based on GOR and not anything to do with membership.
The Exit Fee is intended as liquidated damages as stated in the ACC Constitution. Liquidated Damages is precicely what it is called in the language.
The problem is that they really have to be liquidated damages. They can't just call them liquidated damages. If the true liquidated damages are less, then paying more would be punitive. There are people from the ACC who have publicly said Louisville was an upgrade. That makes it hard to claim a whole lot as true damages.