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.
Aug 22, 2014, 11:15 AM EDT
Austin Hatch, who saw his first action in a Michigan uniform on Saturday, discussed his return to the court on The Today Show.
Aug 22, 2014, 10:30 AM EDT
Upon completion, Hinkle Fieldhouse will have a brand new look while preserving the building’s storied past.
Aug 22, 2014, 9:44 AM EDT
The conference tournament will now span five days, with there being a doubleheader on Wednesday, March 11 (11 seed vs. 14 seed, 12 seed vs. 13 seed).
Aug 21, 2014, 11:06 PM EDT
More than two months after his older brother left the football program, Mickey Mitchell has decided to decommit from Ohio State.
Aug 21, 2014, 10:14 PM EDT
6-foot-7 forward Kevin Puryear was a point forward for his high school team last season.
Aug 21, 2014, 8:45 PM EDT
The Toronto Blue Jays aren’t thrilled with Creighton filing an application to trademark its logo, which was unveiled last September.
Aug 21, 2014, 7:21 PM EDT
Rick Barnes entered last season on nearly every pundit’s “hot seat” rankings, only to turn things around and win 24 games.
Aug 21, 2014, 5:55 PM EDT
Mo’ne Davis is currently focused on winning a LLWS title, but down the line she really wants to run the point at UConn.
Aug 21, 2014, 4:37 PM EDT
Aaron McKie ranks sixth on Temple’s all-time scoring list, and he played 13 seasons in the NBA.
Aug 21, 2014, 3:57 PM EDT
UConn’s league schedule is only getting weaker. They need to beef up in the non-conference.
Aug 21, 2014, 3:19 PM EDT
A quick explanation of why John Calipari can be a great coach without being a great x’s-and-o’s coach.
Aug 21, 2014, 1:45 PM EDT
Do you agree with that ranking?
Aug 21, 2014, 12:46 PM EDT
But would hiring Cremins be a way to get Anthony Johnson the job?
Aug 21, 2014, 10:55 AM EDT
It is absolutely hilarious.
Aug 21, 2014, 10:34 AM EDT
Five points down, 2.8 seconds left, and victorious?
Aug 21, 2014, 9:34 AM EDT
Rozier will be the most important player for Louisville this season.
Aug 20, 2014, 10:46 PM EDT
Redshirting helped Eli Carter as he looks to recover from a broken leg suffered in 2013, but he still isn’t at the level he was prior to the injury.
Aug 20, 2014, 9:59 PM EDT
According to reports Dominic Woodson will be enrolling at Tennessee in time for the start of classes Thursday.
Aug 20, 2014, 9:16 PM EDT
Four-star shooting guard Terance Mann picked Florida State over Arizona State, Boston College, Indiana, Marquette and Rhode Island.
Aug 20, 2014, 8:00 PM EDT
Curtis Malone is serving a 100-month sentence after pleading guilty to being a part of a drug ring that brought in $80,000 in profits per month.
- John Calipari can be a great coach with being an x’s-and-o’s mastermind 4
- Louisville’s Terry Rozier is ready for his bigger role this season 1
- Expectations have changed for Nebraska after surprise run to 2014 NCAA tournament 0
- John Calipari on whether Kentucky will use platoons this season: ‘I think so’ 3
- College Basketball Talk’s Recruiting Roundup 1
- Austin Hatch, who twice survived plane crashes, plays for Michigan 0
- Kentucky loses final game of Bahamas tour, Jack Martinez hits game-winner for Dominican Republic (VIDEO) 0
- John Calipari calls Mike Francesa’s radio show to complain about a critique (AUDIO) (7)
- Rupp Arena ranked college hoops’ best home venue, Cameron Indoor 31st? (6)
- Northern Illinois unveils its new basketball floor (PHOTO) (5)
- Former Vanderbilt player releasing book exposing sex, drugs and parties in college basketball (4)
- Indiana lands a final piece in their 2014 recruiting class (4)