Posted March 16, 2013

Maryland’s Big Ten deal includes multimillion-dollar subsidy

Defensive back Matt Robinson #40 of the Maryland Terrapins leads the team onto the field. (Photo by Rob Carr/Getty Images)

Defensive back Matt Robinson #40 of the Maryland Terrapins leads the team onto the field. (Photo by Rob Carr/Getty Images)

The University of Maryland’s move to the Big Ten conference includes a multimillion-dollar subsidy for travel expenses, according to Jeff Barker of The Baltimore Sun.

Although financial details are not disclosed in the report, sources familiar with the deal estimate Maryland is in line for somewhere between $20 million and $30 million for travel expenses. Whether the money will be provided in a lump sum or spread out over time is undetermined at this point. Maryland’s travel budget is set for about $3 million in 2012-13 and would increase to $6 million in 2014-15 following the move to the Big Ten.

Maryland, which called the Atlantic Coast Conference home for nearly 60 years, struck a deal to join the Big Ten conference in an attempt to increase revenue. The Big Ten projects Maryland will make $32 million in 2014-15.


2 comments
JoshNash
JoshNash

pretty sure this will be used as compensation for the ACC exit fee Maryland has to pay, but it's not in good taste to say that now is it?

CHU
CHU

Travel increases to $6 million in 2014-15 and the number that was agreed upon was between $20-$30 million? I'd say the negotiating power rested with Maryland.

 

Please say Rutgers didn't get a cent for travel subsidy. They didn't have any power in negotiating. It's either join the Big Ten or stay with UConn and Cincinnati.