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.
Nov 27, 2014, 12:56 PM EST
Perkins was kicked in the face by a Georgia player.
Nov 27, 2014, 11:19 AM EST
It’s not just football that’s on today.
Nov 27, 2014, 3:14 AM EST
A lot is riding on this season for St. John’s. Can they consistently be the ‘grown up’ team they claimed to be on Wednesday night?
Nov 27, 2014, 3:07 AM EST
Two Big East teams made statements in the Bahamas, and No. 3 Arizona won the Maui Invitational.
Nov 27, 2014, 2:07 AM EST
Arizona scored 22 points off of 14 San Diego State turnovers, and that along with good foul shooting proved to be the difference.
Nov 27, 2014, 12:56 AM EST
Georgetown committed 19 turnovers, but they shot 49 percent from the field and earned another quality win for the Big East.
Nov 26, 2014, 10:22 PM EST
Through five games Louisville is shooting 24-for-105 from three. They’ll need to shoot better than that when Ohio State visits next Tuesday.
Nov 26, 2014, 9:11 PM EST
Sir’Dominic Pointer picked off Minnesota center Elliot Eliason’s outlet pass and made the big man pay for his mistake.
Nov 26, 2014, 8:05 PM EST
Justin Reed was one of America East’s best guards in each of his first two seasons, but that hasn’t been the case in 2014-15.
Nov 26, 2014, 6:42 PM EST
After launching 22 three-pointers in the first half, Oklahoma took a wiser approach to the offensive end of the floor as they outlasted No. 22 UCLA.
Nov 26, 2014, 5:29 PM EST
It’s hard to put too much stake in one loss, but there are a couple of things from this game that we need to keep an eye on.
Nov 26, 2014, 5:24 PM EST
Cameron Biedscheid averaged 6.2 points per game as a freshman at Notre Dame in 2012-13.
Nov 26, 2014, 4:37 PM EST
Joining Cullen Neal on the sideline is Arthur Edwards, who is expected to miss 4-6 weeks thanks to a dislocated finger.
Nov 26, 2014, 3:51 PM EST
The importance of this win for Butler cannot be overstated.
Nov 26, 2014, 3:19 PM EST
JayVaughn Pinkston is the leader and go-to guy for Villanova. And he is not their star because … why?
Nov 26, 2014, 12:02 PM EST
Gordon is averaging 10.5 points this season.
Nov 26, 2014, 11:20 AM EST
Not a bad way to kick off the Thanksgiving weekend
Nov 26, 2014, 9:00 AM EST
He was arrested on suspicion of sexual assault.
Nov 26, 2014, 7:00 AM EST
Angry John Beilein is the best John Beilein.
Nov 26, 2014, 12:28 AM EST
Pinkston made a couple of huge plays down the stretch.
- St. John’s seniors say they ‘grew up’ against Minnesota, but have they? 0
- The little things made a big difference in No. 3 Arizona’s win over No. 15 San Diego State 0
- Butler upsets No. 5 North Carolina in Battle 4 Atlantis opener 2
- If No. 12 Villanova doesn’t have a star on their roster, no one told JayVaughn Pinkston 0
- JayVaughn Pinkston’s block gives No. 12 Villanova a win over No. 19 Michigan (VIDEO) 2
- Maryland upsets No. 13 Iowa State as fearless freshmen mix with gritty veterans for balanced effort 3
- Rondae Hollis-Jefferson’s selflessness during the Maui Invitational will help No. 3 Arizona in the long run 0
- Poll: 54 percent of people think Kentucky beats the 76ers, 54 percent of people are dumb (31)
- Villanova’s win is evidence of why VCU may have peaked as a basketball program (14)
- Michigan’s John Beilein rips ESPN for late tip time during Tuesday’s loss (13)
- Rick Pitino on blow out win: ‘We played four white guys and an Egyptian’ (12)
- College Basketball Talk’s latest top 25: Kentucky reigns, but how far will Kansas, Florida slide? (5)