Maryland State Police confiscated cocaine with an estimated street value of $1.4 million yesterday and arrested a Baltimore County man alleged to be the leader of a multimillion-dollar drug ring operating between Florida and Maryland, according to police.

Troopers reportedly seized the cocaine and $25,600 cash at a Holiday Inn near Columbia, Md., a few hours after they arrested Roy Calhoun, 55, of Randallstown, at the same hotel. Calhoun was being held last night in lieu of $100,000 bond at the Howard County Detention Center, police said.

Baltimore County police, who conducted the investigation leading to Calhoun's arrest, said they had found evidence of a drug ring operating between Dania, Fla., and Baltimore County that may have distributed as much as $24 million in cocaine annually.

Calhoun and two other men were arrested on drug charges in August after an eight-month investigation into drug trafficking, Baltimore County police said. At the time, officers seized 16 pounds of cocaine, they said.

Police began searching for Calhoun after he failed to appear for a Jan. 7 court date, according to county police spokesman Jay Miller.

Based on a tip, five state troopers accompanied by eight Baltimore County police officers staked out the hotel and arrested Calhoun Friday night, then conducted a search of the room yesterday morning.

Miller said police found more than eight pounds of nearly pure cocaine in the room. Calhoun was charged with possessing cocaine with intent to distribute and having narcotics paraphernalia.