Alabama Football Program Nets $47M-Plus Profit Texas A&M Athletic Department Makes $57.2M In '15-16 N.C. Still In Limbo As ACC Championship Host Site Washington State Athletic Deficit Shrinking LSU Athletics Turns $12M Profit In '15-16 Sources: BC Wasn't Going To Renew Bates' Contract Kentucky Increases Price For Football Season Tickets Florida AD Stricklin Puts Twitter To Good Use Schools Increasingly Rely On Private Plane Use Boston College AD Bates Resigns To Take CSA Job
SBD/August 14, 2013/Colleges
Univ. Of Maryland's Athletic Department Projected To Operate At Deficit Until '17-18
Published August 14, 2013
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NOT ABLE TO RESTORE ELIMINATED TEAMS: Loh said that the school "is not yet financially able to restore any of the seven teams eliminated last year and must instead use limited athletic department revenues to fund other priorities -- including some on the academic side." He added that the school's operating deficit would have been about $5M or $6M, but that it has increased to $21M "because of the ACC action." UMD AD Kevin Anderson: "Will there be some short-term sacrifices? Yes. The expectations don’t change. All my coaches know we’re going to compete at the highest level for Big Ten championships and national championships" (Baltimore SUN, 8/14). In DC, Tracee Hamilton writes even when UMD "is finally a full Big Ten member, it’s not going to rain money in College Park." Hamilton: "For instance, Maryland doesn’t become a full equity partner in the Big Ten Network until July 1, 2020. ... All this means that there will be some lean, painful years for the Terps" (WASHINGTON POST, 8/14).
ANDERSON NOT WORRIED BY REPORT: The WASHINGTON POST's Prewitt reported Anderson "expressed no concern" yesterday over the report's recommendation that a "sizable portion of the athletic department’s funding come from donors, and not revenue earned from moving to the Big Ten." Anderson said, "From the very beginning, looking at this, coming here, one of the things I talked about is that we have the resource space to be like many of our sister universities. If you go and look at most of these universities that have great programs and great facilities, it’s been done by the generosity of the alumni and their fans. I think we’re no different. I believe there’s a base out there that will support us developing our venues, so our athletes can compete at the highest level. It’s not a big concern" (WASHINGTONPOST.com, 8/13).