Maryland's financial woes not going away
Wednesday, August 14, 2013
Maryland's financial issues aren't going away any time soon, and the move to the Big Ten hardly will be an immediate panacea. Maryland on Tuesday released a report on their integration to the Big Ten. It states that the athletic program won't be on solid financial footing until the 2017-18 academic year. Maryland athletics operated at a $21 million deficit in the past year, a shortfall that can be attributed largely to the revenue the ACC is withholding as part of its plan to collect a $52 million exit fee from Maryland.
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