The University of Maryland’s athletic department is making changes in response to the House v. NCAA settlement, which will allow the school to share a maximum of $20.5 million with its athletes starting this fall. The majority of this money will go to the revenue-producing sports of football, men’s basketball, and women’s basketball. Additionally, Maryland will see an increase of more than $25 million in expenses annually due to the settlement, with the school’s share of back damages totaling $1.5 million per year over the next decade.
To help offset these new expenses, the athletic department plans to raise ticket prices by $2.50 and cut operating costs. Despite these measures, Maryland’s spending on football in 2022 remains significantly lower than many of its Big Ten competitors, with the school falling about $10 million below the conference median and well behind programs like Ohio State, Penn State, and Michigan.
Maryland’s Athletic Director Damon Evans acknowledges the need to find new ways to keep up in the competitive landscape of college sports. The school’s decision to share more revenue with athletes and make adjustments to its budget reflects a commitment to adapting to the changing demands of collegiate athletics.
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