Maryland’s Big Ten deal includes multimillion-dollar subsidy
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.