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Monday, November 19, 2012
Maryland officials: money led to B1G move

By Adam Rittenberg

Maryland's top officials along with Big Ten commissioner Jim Delany concluded a news conference today in College Park, Md., confirming the school's move to the Big Ten.

The Terrapins will officially become a Big Ten member on July 1, 2014, and begin competing in athletics in the 2014-15 season.

Wallace Loh
University of Maryland President Wallace Loh speaks at a news conference to announce Maryland's decision to move to the Big Ten.
Maryland president Wallace Loh made it very clear from the start of the announcement that the financial gains the Big Ten offered were the primary reason why the school left the ACC, where it had been a founding member. In June, Maryland eliminated seven varsity sports because of financial woes.

Loh and athletic director Kevin Anderson repeatedly stated that they never want to make such cutbacks again, and the move to the Big Ten ensures financial stability "for decades to come." In perhaps the best news of the announcement, Loh said Maryland immediately will start the process of reinstating those teams. Loh and Anderson obviously felt they would have had to cut more teams if Maryland stayed in the ACC. reports that Maryland expects to make $100 million more in conference revenue from 2014 to 2020 as a Big Ten member, according to information Delany presented to the school. As's Pete Thamel notes, the big jump comes after the Big Ten negotiates its new television contract.

Some other notes and thoughts: