Conference realignment has been, and always will be, about the money:
Of the 120 schools in the NCAAโs Division I Football Bowl Subdivision, only 23 turned a profit before subsidies in fiscal 2011, meaning that the Terps were one of 97 that didnโt. Marylandโs athletic department, however, was paying its own bills until the 2010โ11 athletic year. Even though expenses had outpaced revenue by $2 million to $3 million each year from 2006 through 2010, the department was able to cover the shortfall with reserves it had built from the more fruitful years. But in the 2010โ11 athletic year, the athletic department depleted those reserves and borrowed from the university to cover a $7.8 million shortfall.
That was when Maryland made two costly coaching changes in its two biggest revenue-producing sports. Maryland fired its popular football coach, alum Ralph Friedgen, after a season in which the ACC honored him as football coach of the year. Then longtime basketball coach Gary Williams, another popular Maryland alum, retired following the 2010โ11 season. Both changes rocked the athletic departmentโs finances. Maryland spent nearly $3 million paying off Friedgen and his staff for the additional year that was left on the coachโs contract. The school also created a high-paying administrative job for Williams that guaranteed him more than $800,000 over the following two years. That was only the start. New football coach Randy Edsall was guaranteed $2 million a year โ the going rate for top coaches. Maryland also had to pay Edsallโs former school, Connecticut, $400,000 to cover his buyout.
The Terps are hoping their move to the Big Ten will cover their years of financial mismanagement in the athletic department. Good luck with that.





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