COLLEGE PARK, Md. — Choosing to look toward the future rather than honor the past, Maryland joined the Big Ten on Monday, bolting from the Atlantic Coast Conference in a move driven by the school’s budget woes.
Maryland was a charter member of the ACC, which was founded in 1953. Tradition and history, however, were not as important to school President Wallace D. Loh as the opportunity to be linked with the prosperous Big Ten.
“By being a member of the Big Ten Conference, we are able to ensure financial stability for Maryland athletics for decades to come,” Loh said, speaking at a news conference with Big Ten Commissioner Jim Delany and Athletic Director Kevin Anderson.
Loh and other school officials involved in the decision decided that the potential money to be made in the Big Ten was more significant than the $50 million exit fee and the tradition associated with belonging to the same conference for 59 years.
“I am very aware that for many of our Terps fans and alumni, their reaction is stunned and disappointed. But we will always cherish the memories, the rivalries, the tradition of the ACC,” Loh said.