The Terps fell to Michigan for the second straight game.
The Terps are slated to take on Pittsburgh and Clemson in February.
The jury deliberated for about two and a half hours before finding Dodd not guilty.
Dodd and three other witnesses took the stand for the defense Wednesday,
The accuser and four other witnesses testified Tuesday.
The defense didn't have time to cross-examine the accuser Monday.
Right-hander Elliot Zoellner pitched 3 1/3 scoreless innings of relief, but the Terps faltered late.
The Terps managed just one hit in the blowout defeat.
It's the third time Costes has earned the award this season.