What's buzzing:

Dr. Saturday

Maryland, ACC reach settlement in exit fee dispute

Sam Cooper
Dr. Saturday
Maryland Announces Move to Big Ten Conference
.

View photo

COLLEGE PARK, MD - NOVEMBER 19: Big Ten Commissioner James E. Delany (L) speaks with University of Maryland football head coach Randy Edsall after a news conference annoucing Maryland's decision to join the Big Ten Conference on November 19, 2012 in College Park, Maryland. (Photo by Patrick McDermott/Getty Images)

The ACC and the University of Maryland announced Friday that the two sides have reached a “mediated agreement that ends all litigation between both parties.”

In the agreement, the ACC will keep a previously withheld sum of $31,461,788 from Maryland to resolve all lawsuits. On that condition, the league agreed that Maryland, who officially joined the Big Ten July 1, will have “no obligation to make any other payments” moving forward.

The ACC, Maryland’s former conference, filed a lawsuit that requested an exit fee of $52.3 million from the school. Maryland had requested to dismiss the lawsuit, but the request was denied by an appeals court in North Carolina last year. The two sides then entered negotiations and had a mediator assigned in April.

As a result of this agreement, the lawsuits in North Carolina and another in Maryland are now dismissed.

“On behalf of the ACC’s Council of Presidents, I am pleased that all parties can move forward, returning our focus where it belongs – on our student-athletes, intercollegiate athletic programs and institutions of higher learning,” Donna Shalala, Chair of the ACC Council of Presidents, said in a release.

Maryland spent 61 years in the ACC before announcing it had agreed to join the Big Ten in November 2012.

“The University of Maryland is proud of our long and storied 61-year association with the Atlantic Coast Conference,” said Wallace D. Loh, president of the University of Maryland. “Today’s agreement helps usher in exciting new eras for both the University and the ACC. We wish the conference and our ACC university colleagues well.”

Both the school and the league said in the release that both sides will not have any further comment regarding the issue.

For more Maryland news, visit TerrapinSportsReport.com.

- - - - - - -

Sam Cooper is a contributor for the Yahoo Sports blogs. Have a tip? Email him or follow him on Twitter!

View Comments (1)
  • Hernandez's fiancee takes stand in murder case; juror leaves

    Hernandez's fiancee takes stand in murder case; juror leaves

    The fiancee of former New England Patriots player Aaron Hernandez took the stand in his murder trial Friday shortly after the judge overseeing the case dismissed a juror for personal reasons. Shayanna Jenkins was granted immunity by the court in … More »

    AP - Sports - 4 minutes 40 seconds ago
  • Ten-minute cooler is key concussion advance

    By Mitch Phillips LONDON (Reuters) - For all the scientific advances and extensive research projects it seems the greatest development in the recognition and treatment of concussion in rugby has been the ability to spend 10 minutes with a dazed … More »

    Reuters - 5 minutes ago
  • Justin Wilson joins Andretti Autosport for Indianapolis 500

    The British driver doesn't have a full-time ride in IndyCar this season, but on Friday announced a two-race deal with Andretti. He'll drive the No. 25 Honda in the Grand Prix of Indianapolis and the Indianapolis 500. ''I'm thrilled to be joining … More »

    AP - Sports - 5 minutes ago
  • Saracens at forefront of on-field concussion research

    By Justin Palmer LONDON (Reuters) - When Saracens took the field against Newcastle Falcons in the Aviva Premiership last month only the eagle-eyed in the 7,000-strong crowd would have noticed the small plaster behind the ears of their black-shirted … More »

    Reuters - 6 minutes ago
  • Hull fined for failing to control players

    Hull City have been fined 30,000 pounds ($44,700) for failing to control their players during a 1-1 draw against Leicester City this month, the English FA said on Friday. The fine relates to an incident in the 68th minute when Hull players … More »

    Reuters - 7 minutes ago