As a Terp grad, there is no way my donations are going to keep rolling in. How can I financially support a University that chooses to pay a 50 mill exit fee? Maryland IS integral to the ACC-wtf? Terps bbal in B1G? Really?
MD football will improve with Edsall at the helm. It will take time, but I belive he can do it (not that I have ever supported the Terps in FB mind you).
Mistake of epic proportions IMO.
There is NO WAY Maryland pays the 50 million exit fee if they decide to make this move. They're already under fire for how the management of Athletics funds have been handled.
Here are some numbers to feast upon.
Revenue figures from 06' for Maryland Basketball's Net revenue $6,748,164 same revenue record show that 06' Maryland football brought in $3,535,774. Last years Fiscal year (2011)reveals that both Maryland Basketball and Footballs revenue dropped. Basketball in 2011 $4,482,714 that is a 34% revenue drop. While 2011 Football and this amazes me.. 2011 Revenue -$64,891 Which is a revenue drop of 102%. Maryland says they invest $67,389.71 into each Student Athlete each year. Also Athletics fundraising which numbers do no show up because of it being fundraising. Maryland reported due to poor economy and under preforming in athletics that fundraising dropped 40% in the last 5 years
All in all Maryland is in deep trouble, many state schools are going deeper into the hole do to over spending each year. Do not expect Maryland to be the only school with fiscal woes looking for solutions.