GREENSBORO, N.C. — The Atlantic Coast Conference has filed a lawsuit against Maryland seeking full payment of the approximately $53 million exit fee for its move to the Big Ten.

According to the 10-page lawsuit, the ACC said the school must pay $52,266,342, which is three times the league’s annual operating budget for the 2012-13 season.

The Associated Press obtained a copy of the lawsuit filed Monday in Guilford County Superior Court.

In a statement, Commissioner John Swofford says the ACC’s council of presidents unanimously decided “to file legal action to ensure enforcement of this obligation.”