Maryland to Move to Big Ten
By Matthew Osborne
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The University of Maryland Board of Regents approved the school's move from the ACC to the Big Ten on Monday morning.
In an attempt to solve its overwhelming financial problems in its athletic department, the University of Maryland Board of Regents approved the school's move from the ACC to the Big Ten on Monday morning.
Maryland, which has been a member of the ACC for nearly six decades, has been accruing a substantial deficit in its athletic department for quite some time now. Earlier this year, in an attempt to alleviate some of those financial concerns, the university elected to cut seven varsity sports.
Although Maryland will be forced to pay a $50 million exit fee to the ACC, the Board of Regents ultimately felt that the move to the Big Ten would prove to be financially beneficial. Thanks in large part to the Big Ten Network, the Big Ten distributed $284 million in revenue to its 12 institutions this past financial year. With Maryland's inclusion to the conference, that number will likely increase, as Maryland will introduce the conference to the Washington D.C. market.
Maryland is expected to hold a press conference at 2:30 this afternoon to discuss the decision to move from the ACC.
Information from the Washington Post was used in this report.