Nov 17, 2012, 6:32 PM EDT
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.
Oct 31, 2014, 11:45 PM EDT
The player’s reaction are priceless.
Oct 31, 2014, 11:00 PM EDT
The first commit in 2015 for Brian Gregory.
Oct 31, 2014, 10:00 PM EDT
The Wisconsin forward was named Big Ten Sixth Man of the Year as a freshman.
Oct 31, 2014, 9:00 PM EDT
The Bay Area big man is considered the No. 7 overall player in the senior class.
Oct 31, 2014, 8:00 PM EDT
The Louisiana Tech coach has averaged 28 wins the past two seasons, and is poised for a NCAA tournament appearance in 2015.
Oct 31, 2014, 7:00 PM EDT
Injuries are becoming a far too common problem for Drexel.
Oct 31, 2014, 6:00 PM EDT
For the past two years, the Philly product has averaged five points per game.
Oct 31, 2014, 5:00 PM EDT
Just Bruce Pearl being Bruce Pearl.
Oct 31, 2014, 4:00 PM EDT
Another SEC school used a similar system on its way to a national title game appearance in 2000.
CBT’s Recruiting Roundup: UCF lands a unique center, Tennessee’s impact wing, Saint Louis gets rising center
Oct 31, 2014, 3:00 PM EDT
News and notes from the world of college basketball recruiting.
Oct 31, 2014, 2:00 PM EDT
Despite 29 wins (13 in conference play) Louisiana Tech missed out on the NCAA tournament. Michael White looks to change that this season, although, his team will have to go through the likes of UTEP and newcomer Western Kentucky, first.
Oct 31, 2014, 1:12 PM EDT
With the number of guards in the Kansas program, playing time was likely to be scarce for Conner Frankamp.
Oct 31, 2014, 12:45 PM EDT
Isaac Fotu’s part of the NCAA’s investigation into the program, and other schools have attempted to poach some of Hawaii’s remaining players.
Oct 31, 2014, 12:00 PM EDT
Virginia is coming off of a dual-ACC title and returns the majority of the key players from that team.
Oct 31, 2014, 11:37 AM EDT
No surprise that Kentucky’s on top. Also of note: No. 3 Wisconsin received more first-place votes than No. 2 Arizona.
Oct 31, 2014, 10:30 AM EDT
The Cincinnati transfer was expected to factor into a rotation that’s replacing five seniors from last season’s team.
Oct 31, 2014, 9:00 AM EDT
Is this team better than Philly?
Oct 30, 2014, 11:53 PM EDT
Quick action by construction workers ensured that it was declared ready for play two days after being flooded.
Oct 30, 2014, 10:41 PM EDT
Some officials are in hot water after compromising a system used by 20 different Division I conferences.
Oct 30, 2014, 8:58 PM EDT
Saint Louis adds more depth to its front court with this verbal commitment.
- CBT’s Recruiting Roundup: UCF lands a unique center, Tennessee’s impact wing, Saint Louis gets rising center 0
- Top 25 Countdown: No. 6 Virginia Cavaliers 0
- 2014-15 Season Preview: College Basketball Dream Team 1
- VCU’s Treveon Graham: From lightly recruited to leader of Havoc, the Atlantic 10 favorites 0
- Top 25 Countdown: No. 7 North Carolina Tar Heels 1
- Dayton’s Elite 8 run, Archie Miller’s decision to stay help continue Atlantic 10’s success 1
- 2014-15 Season Preview: Jahlil Okafor, Frank Kaminsky lead a strong crop of big men 0
- Sophomore guard decides to leave Kansas program (3)
- Roy Williams says he was ‘dumbfounded’ following Kenneth Wainstein’s report (VIDEO) (2)
- Hawaii considering its options regarding NCAA investigation of basketball program (2)
- VCU’s band ‘The Peppas’ will be doing Haka War Chants this year (VIDEO) (2)
- Mark Emmert calls UNC scandal ‘troubling’, ‘disturbing’, ‘shocking’ (2)