Maryland’s athletic department is broke.
That’s why the school made the decision to jump from the ACC to the Big Ten. They wanted to balance their budget, to stop operating in the red and to reinstate the seven sports that were cut back in 2012.
As Maryland President Wallace Loh told SI.com last November, “by being members of the Big Ten Conference, we will be able to ensure the financial sustainability of Maryland athletics for decades to come.”
The plateau of financial sustainability may take longer to reach than originally expected, however.
According to a report released by the University, Maryland’s athletic department operated at a deficit of $21 million last academic year. Here’s Alex Prewitt of the Washington Post on the issue:
The commission found that the Maryland athletic department operated at a deficit of more than $21 million for the past academic year because of two reasons: “past financial decisions” that led to continuing debt and the ACC’s withholding of roughly $15 million in revenue. The conference began withholding the revenue last year as part of its efforts to collect a $52 million exit fee from the school, which maintains that the fee is illegal.
According to the report, the university has loaned the athletic department — which has a goal of being self-sufficient — upwards of $21 million to overcome the deficit, with additional loans of $20 million potentially required if the ACC continues to withhold revenue.
Even with the additional Big Ten money, Maryland’s athletic department isn’t projected to operate at a surplus until 2017-2018, and thanks to the debt they will have to repay to the University, the school won’t be spending the amount per athlete that the rest of the Big Ten does until 2025.
Just what you wanted to see, a video of former Michigan State star Denzel Valentine throwing an alley-oop off the glass to current Michigan State star Miles Bridges in a Pro-Am in Michigan:
A day after Grayson Allen threw an alley-oop to Trevon Duval for Duke’s entry into the #DriveByDunkChallenge, Kentucky’s team of freshmen decided to do one of their own:
That would be, in order, Johnny David, Jarrod Vanderbilt, Nick Richards, PJ Washington and Kevin Knox abusing some poor sap’s rim somewhere in Lexington.
But was that better than John Calipari’s attempt?
Watching Michigan State’s Miles Bridges throw down high-level dunks in local summer pro-ams has been a good way to pass the time the last few weeks.
The 6-foot-7 Bridges has been annihilating rims all summer as he had more ridiculous dunks on Tuesday night. Playing with former Michigan State star Denzel Valentine and some of his current Spartans teammates, Bridges had more crowd-pleasing plays to add to his summer reel.
Lansing State Journal reporter James Edwards III has been on the scene for Bridges’ games all summer as he has more dunks from the future lottery pick.
Minnesota is keeping a big-time shooter at home as Class of 2018 shooting guard Gabe Kalscheur pledged to the Golden Gophers on Tuesday.
The 6-foot-4 Kalscheur is the third in-state prospect to pledge to head coach Richard Pitino in the Class of 2018 as he joins three-star forward Jarvis Thomas and four-star big man Daniel Oturu. The three-star Kalscheur gives Minnesota a valuable floor spacer and a winner as he’s a three-time state champion at DeLaSalle. All three of these commitments also played together with Howard Pulley in the Nike EYBL.
During this spring and summer in the Nike EYBL, Kalscheur averaged 14.9 points and shot 39 percent from three-point range as he made 61 treys in 21 games.
Pitino has certainly done a nice job of keeping local players home as he’s hoping that trend continues with upcoming in-state five-star prospects like 2018 point guard Tre Jones and 2019 forward Matthew Hurt. The Golden Gophers will have to win national recruiting battles to keep those guys home, but they’ve done a nice job of getting the other guys that they need to keep home.
North Carolina and the NCAA have released additional responses and set the dates for a future hearing on Tuesday amid an investigation into paper classes given by the university’s African-American Studies Department.
The NCAA’s allegations center around UNC’s athletes — most notably members of football, men’s and women’s basketball teams — allegedly being guided to the fake classes in order to keep GPAs high enough to remain eligible. The fake classes typically had a high number of athletes enrolled each semester.
While North Carolina argued in May that this should be a school matter and not an NCAA matter, the NCAA responded to the matter in its belief that it has the right to investigate the classes. North Carolina is facing five top-level charges in the case with lack of institutional control among the charges.
A two-day hearing will be held with the NCAA in Nashville on August 16-17.
“The hearing is the next step in bringing closure to this longstanding issue by allowing us the opportunity to address the Committee on Infractions and present the facts,” said Joel Curran, vice chancellor of University communications. “The NCAA has requested certain individuals from the University attend the proceedings. It is standard practice for the current head coaches of programs referenced in a notice of allegations to attend. Therefore, Coaches Larry Fedora (football), Sylvia Hatchell (women’s basketball) and Roy Williams (men’s basketball) will accompany University representatives to the hearing.”