Some of the new revenues expected from the Big Ten will provide our student-athletes with expanded support for academics, training, sports medicine, and nutrition.
· Some of these new revenues will be allocated to support the University’s academic priorities and student financial aid. These allocations are expected to grow to at least $1 million annually. Effective immediately, I have redirected $500,000 annually in other non-state revenues, previously budgeted for Maryland Athletics, to fund expanded mental health counseling services for all students.
· After Maryland Athletics achieves financial stability, half of its excess revenues will be used to repay its debts and the other half will be set aside to build its financial reserves. This is to ensure that Maryland Athletics, which is a self-supporting enterprise, will never again be in a position where it has to cut teams.
· The men’s outdoor track and field team will be restored with the full allotment of scholarship support.
· The Commission left open the possibility of reinstating other teams in the future. Any reinstatement review will be informed by the aforementioned principles of the Commission.
· UMD will produce high-quality academic, research, and athletic programming for the Big Ten Network that reaches some 80 million households in the U.S. and abroad.
freddy from boca
from the wash post
Maryland athletics was $21 million in debt during the last academic year; the university has lent money to the athletics department; it will take years before the athletic department starts making money — perhaps the most eye-raising is the recommendation at the bottom of Page 7, under item No. 8. It reads: “Facilities needs, including practice fields, an indoor practice facility, and a Varsity Team House, should be with revenues from the Big Ten
Now, that’s not to disparage the importance of building an indoor facility, University President Wallace D. Loh said in a telephone interview. He cited potential costs as anywhere between $50 and $80 million, and supported allocating Big Ten revenue for other areas instead.
in other words, unless kevin plank comes up with the 50-80 million or much of it, md’s indoor facility is years off. which means it will be very difficult for md football to compete in the big 10. the lack of great football tradition combined with facilities that don’t match up with other big ten schools makes the recruiting process and ability to attract top players very difficult. looks like for md to have any chance they need to lock up a high percentage of highly rated local players and considering this isn’t florida, texas, ohio or california the numbers of those players isn’t that great.
· 11/12/2019