Nov 17, 2012, 6:32 PM EST
Raise your hand if you thought realignment was done for the time being.
A story that was first reported by Jeff Ermann of Inside Maryland Sports earlier this week (subscription required) apparently has legs, as both Maryland and Rutgers are in negotiations to join the Big Ten.
If those two join the Big Ten, which according to ESPN is due to renegotiate its first tier media rights deal that expires in 2017, the conference would be up to 14 schools while also adding lucrative media markets.
Maryland is in contact with the Big Ten and it's serious enough that the Board of Regents will consider the subject at a meeting on Monday.—
Jeff Barker (@sunjeffbarker) November 17, 2012
Finances likely play a major role in the decision for both Maryland and Rutgers, as both athletic departments have been operating at a deficit in recent years. Maryland announced the cutting of seven sports back in early July as a result of a $4 million deficit that could exceed $17 million by 2017.
Rutgers has its own financial issues to address, including a deficit reported to be $36.7 million last December. And while the Big East is currently renegotiating its media rights deal, that money would likely pale in comparison to what the Big Ten is drawing in per school.
Adding schools with access to media markets such as New York and Baltimore would make the Big Ten even more money in regards to its media rights.
When the ACC expanded to 15 schools in September, adding Notre Dame, the conference also voted to raise its exit fee to a staggering $50 million. Of the 12 schools that voted on the measure (Pittsburgh and Syracuse, who join the league next year, did not have a vote) ten voted in favor of it, with Florida State and Maryland voting no.
At the time Maryland president Wallace D. Loh, while stating that the vote was “purely legal and philosophical,” said that in his view the increase in the exit fee made it an exit penalty that could keep schools in the conference against their will.
“The law says that when you have liquidated damages, and in advance you anticipate a breaching of the contract, we will decide what the damages will be,” Loh said. “You talk about damages, not penalties, and it has to be a reasonable estimate. That’s the law. We live in a free economy. We want people to move freely in and out of relationships. That’s the philosophical principle. What constitutes reasonable? That’s for a court to decide.
“But if the damages are so huge that it prevents the mobility, the free movement of people, then I think it’s not good for society. Others may not be looking at it from this principle, and that’s their prerogative.”
If Maryland were to need any help with finding $50 million for the exit fee, there is one person they could ask. Under Armour CEO Kevin Plank is selling in upwards of 1.3 million shares of his company, which according to Baltimore Business Journal would be worth up to $64.5 million.
(It’s purely a coincidence that Plank is selling stock at this time.)
The question if this move were to happen then becomes what the ACC and Big East would do. The ACC would have 13 all-sports (including football) members if Maryland were to leave, and according to Dan Wetzel of Yahoo! Sports the conference would either turn to Connecticut or stay at 13.
As for the Big East, the conference would be left to pick up the pieces once again were they to end up losing two more members. And at this point one has to wonder if there are enough pieces left on the table.
Jan 25, 2015, 2:30 PM EST
Well-traveled former Ole Miss guard Derrick Millinghaus has found a new home.
Jan 25, 2015, 1:21 PM EST
Kentucky is on the board in the 2016 class with a highly-touted big man from New Zealand.
Jan 25, 2015, 1:00 PM EST
A former four-star prospect is heading to Rhode Island.
Jan 25, 2015, 12:00 PM EST
A former Miami point guard is finding tremendous success on the football field and is a even being talked about as a first-rounder in the 2015 NFL Draft.
Jan 25, 2015, 10:10 AM EST
One of the best big men in the 2016 class could decide between three powerhouse programs on Sunday.
Jan 25, 2015, 9:00 AM EST
Coach K goes for win No. 1,000 against St. John’s and a fun battle of elite freshmen guards in the Big Ten are Sunday’s highlights.
Jan 25, 2015, 1:05 AM EST
I feel comfortable saying I’m a better dancer than Josh Pastner. Not by much, though.
Jan 24, 2015, 11:58 PM EST
Get caught up on everything that has happened in college basketball on Saturday.
Northwestern State staff wears special pants for ‘Suits and Sneakers’ game against McNeese State (PHOTO)
Jan 24, 2015, 11:34 PM EST
The pants worn by the coaching staff were one of the highlights in Northwestern State’s 92-68 win over McNeese State.
Jan 24, 2015, 9:31 PM EST
Crawford and his teammates are looking to rebound from the 18-point loss they suffered at Tulsa Wednesday night.
Jan 24, 2015, 9:20 PM EST
Peel finished the game with 17 points, 13 rebounds and five blocks as the Blue Devils picked up their first win in NEC play.
Jan 24, 2015, 8:34 PM EST
Baylor really needed this win, but Oklahoma has now lost three of their last four.
Jan 24, 2015, 7:20 PM EST
The Tribe bounced back from a loss at Delaware earlier in the week to move into a tie for first in the CAA.
Jan 24, 2015, 6:46 PM EST
Texas Tech hit its first five three-pointers and led by as many as 19 points in the first half of their 78-73 win over the Cyclones.
Jan 24, 2015, 5:20 PM EST
Bonkers is the only way to describe this finish.
Jan 24, 2015, 4:52 PM EST
“We are still the best team in the Big 12″ — Kansas, on Saturday.
Ohio’s Maurice Ndour beats the buzzer with a dunk after full-court inbound pass for last-second win (VIDEO)
Jan 24, 2015, 4:27 PM EST
What an unbelievable finish in the MAC.
Jan 24, 2015, 3:14 PM EST
Wilson dunks all over Georgetown’s Paul White.
Jan 24, 2015, 2:17 PM EST
Clemson’s Josh Smith is the early hero of Saturday.
Jan 24, 2015, 1:53 PM EST
White is the leading scorer and rebounder for the Hawkeyes.
- Kentucky lands commitment from international Class of 2016 big man 0
- Saturday’s Snacks: No. 18 West Virginia, Georgetown win absolute thrillers 0
- No. 11 Kansas makes a statement blowing out No. 17 Texas 1
- Bracket Update: Upcoming stretch could have major impact on Duke’s NCAA seeding 2
- Sister’s illness makes for a bittersweet homecoming for Tulsa head coach Frank Haith 0
- Weekend Preview: Things are heating up in the Big 12, plus Coach K No. 1,000? 0
- You think college basketball is unwatchable this year? Turn on an Indiana game 7
- No. 6 Wisconsin utterly embarrassed No. 25 Iowa for more than one reason (13)
- The Top Ten Players that Coach K has had at Duke (12)
- You think college basketball is unwatchable this year? Turn on an Indiana game (7)
- College Basketball Talk’s Latest Top 25: So where do we rank Duke? (5)
- You Make The Call: Was this a charge on TaShawn Thomas? (VIDEO) (5)