Athletic League's $52M Exit Fee Infringes Antitrust Law: Md.

Law360, New York (January 18, 2013, 6:07 PM EST) -- Maryland's attorney general accused the Atlantic Coast Conference Friday of violating the state's antitrust law by trying to charge the University of Maryland $52 million for switching to the Big Ten Conference.

Despite being one of the founding members of the ACC, Maryland decided in November that it would switch to the Big Ten in 2014 in search of greater financial security for its athletic program. But shortly after Maryland announced its planned move, the ACC decided to charge the university a $52.26 million withdrawal penalty....
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