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Wallace D. Loh
Latest Wallace D. Loh Items
The Atlantic Coast Conference sued the University of Maryland in a Greensboro, N.C., court Monday to compel the university to pay the conference's exit fee of more than $50 million, according to the complaint obtained by The Washington Times.
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's decision to bolt the ACC for the Big Ten is perfectly keeping with the current climate. In the new millennium, it's every school for itself.
The Maryland athletic department's financial woes have grown greater and graver in the past two decades.
University of Maryland President Wallace D. Loh accepted the recommendations of an athletic commission to cut eight of the school's 27 sports, but also offered a lifeline by granting the affected programs the opportunity to raise eight years of total costs by June 30 to save themselves.
Members of Maryland's commission on intercollegiate athletics faced an unenviable task when president Wallace D. Loh brought them together four months ago. They were asked to review the athletic department's finances and operations and then recommend measures to increase revenues and decrease costs.
The Maryland men's and women's swimming teams, as well as the school's water polo team, have been informed their programs will be eliminated as part of the university's overhaul of its athletic department, a source familiar with the situation said Wednesday.