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they were unhappy with the overall profile of the conference. the league is filled with private schools + land grant/specialty universities. When Maryland was in the ACC, Chapel Hill, Charlottesville and College Park were the only three flagship state schools in the conference. They weren't thrilled with that. They also CONSTANTLY whined how North Carolina-centric the league was. When Debbie Yow was the AD, she spent a lot of money on women's sports, aka sports that don't turn a profit. As a result, Maryland's athletic department was fucking broke. This coincided with the realignment mess in 2010/11. That's why Maryland jumped.
fwiw, the ACC is probably sitting pretty right now if they added Penn State along with Florida State in 1991. That was absolutely on the table, but the basketball retards didn't want to kill round robin ACC ball so PSU was never invited. Adding FSU/ Penn State in 1991 + Virginia Tech, West Virginia and Miami in 2003 probably saves the ACC. League needed more state schools, but nobody knew we were going down this road..so here we are.
From a strictly basketball perspective, nobody could have predicted the ACC to be in the shape it is today (which is not great, but not terrible).
Adding Syracuse, Louisville, ND, and Syracuse was almost assured to turn the ACC into the unquestioned top basketball league. Football a different story.
With those additions, losing MD was the last thing on their mind.