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SBD/September 14, 2012/Colleges
Aresco Says Notre Dame Hasn't Yet Requested Early Exit, But Big East Would Discuss It
Published September 14, 2012
STANDING BEHIND HIS BELIEFS: Univ. of Maryland President Wallace Loh said he voted against the ACC's new $50M exit fee based on "purely legal and philosophical" grounds. In DC, Alex Prewitt noted Maryland and Florida State were the only two ACC schools Wednesday to vote against raising the exit fee from around $20M to $50M. Loh believes the $50M fee for leaving the ACC "represents not an exit fee but an 'exit penalty.'" He said it is "illegal and philosophically not a good idea." Loh "stressed that his objection stemmed solely from personal beliefs, and not a desire on Maryland's part to protect itself in the event that it one day decides to leave the ACC." Loh has "repeatedly praised the relationship between Maryland and the ACC, saying that the school will continue to be a part of it for years to come." However, he said he disagrees with "punishing people if they simply exit a relationship" (WASHINGTONPOST.com, 9/13).