Terps to be paid handsomely to travel to far away places

[AuroranHusker]

The subsidy, which Maryland was promised in negotiations with the conference late last year, made an already appealing offer of Big Ten membership even more attractive to the school.

Since financial details of the agreement are kept private — the amount of the subsidy is not publicly available. But the amount is in the range of $20 million to $30 million, according to sources familiar with the deal.Maryland got the subsidy after assessing the travel-cost implications of leaving the Atlantic Coast Conference, its home for 60 years.

The cost of sending its teams halfway across the country — as far away as Lincoln, Neb. (1,201 miles), and Iowa City, Iowa (905 miles) — was projected by the school to approximately double its travel budget...

 

http://www.baltimoresun.com/sports/terps/bs-sp-terps-big-ten-travel-0315-20130314,0,1297978.story

 

 

The so-called travel stipend is apparently on top of the full payment (~$32M) that UM will receive in their initial season in the B1G.

[49r]

I'm glad that our Athletic Department is so financially healthy that money isn't a concern for us.

[AuroranHusker]

I'm glad that our Athletic Department is so financially healthy that money isn't a concern for us.

 

Excellent point, 9er.

[cozrulz]

I'm glad that our Athletic Department is so financially healthy that money isn't a concern for us.

 

Sarcasm?

[hhcscott]

When are we getting our full share of B1G money?

[AuroranHusker]

When are we getting our full share of B1G money?

 

I believe it's 2016 or 2017, whenever the new TV contract is in effect.

[AuroranHusker]

I'm glad that our Athletic Department is so financially healthy that money isn't a concern for us.

 

Sarcasm?

 

 

I'm sure it's more about UM cutting 7 sports and being roughly $50M in debt and NU not having their dismal financial picture.

[TheKamdyMan]

Maryland gets the full allotment right away and has to pay it back on the back end.  I look at it like Nebraska got a baseball contract that guaranteed everything and Maryland got a football contract that front loads things and hits more on the back end.

[AuroranHusker]

Maryland gets the full allotment right away and has to pay it back on the back end.  I look at it like Nebraska got a baseball contract that guaranteed everything and Maryland got a football contract that front loads things and hits more on the back end.

 

That very well could be a legitimate explanation of how it might work.  I do think that the travel stipend is a bit of a new revelation, since it was just reported in the newspaper.

[49r]

I'm glad that our Athletic Department is so financially healthy that money isn't a concern for us.

 

Sarcasm?

 

Not at all, I was being sincere here.

[Daledangdarn]

I'm glad that our Athletic Department is so financially healthy that money isn't a concern for us.

 

Sarcasm?

Our athletics department is extremely well off, we are no Tejas but we wouldn't need to worry about subsidies like this.