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.
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.
The 6-foot-3 guard averaged 10.3 points per game, while shooting 42 percent from three, as a freshman. He, along with Malcolm Hill and Michael Thorne Jr., is one of three returning players who averaged double figures last season.
This could prove to be a make-or-break year for John Groce, who enters his fifth season at the helm. He guided the Illini to an NCAA Tournament in his first season, but hasn’t been back since.
The key for the Illini is health. Abrams gives them experience and leadership, but it won’t be a surprise if there’s some rust in his game after spending the past two seasons on the sideline. Having a healthy Coleman-Lands will help stabilize the backcourt, while Hill, an all-conference caliber forward, and Thorne anchor the frontcourt.
Like Alkins, Jones was a sought-after scorer. The 6-foot-4 two-guard was rated No. 69 overall in the Class of 2016 by Rivals. He picked Indiana over offers from Cal, Cincinnati, Georgetown and more than a dozen other high-major programs.
Jeter, the 6-foot-10, played in a reserve role as a freshman, averaging 1.9 points and 1.9 rebounds per game last season. He will be part of a loaded frontline that includes heralded freshmen Harry Giles and Marques Bolden, as well as redshirt senior Amile Jefferson, who returns to the lineup following a foot injury.
The greatest player in Auburn program history will honored with a statue outside of the team’s home arena.
The university announced that Charles Barkley, the Naismith Memorial Basketball Hall of Famer, will be the fourth athlete to be given a statue, joining Heisman Trophy winners Bo Jackson, Pat Sullivan and Cam Newton.
“It just means a great deal to me,” Barkley said in a statement. “Being a kid from Alabama, going to Auburn. I think everybody knows what Auburn means to me. It’s going to be pretty cool.”
Barkley, currently working as an analyst for TNT, was the SEC Player of the Year in 1984, as well as a second team All-American. He averaged 14.1 points and 9.6 rebounds per game in 84 appearances for the Tigers.