Tag Archive | "Wallace Loh"

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Maryland, ACC settle lawsuit over exit fee for $31 million

Posted on 08 August 2014 by WNST Staff

University of Maryland and Atlantic Coast Conference Reach Legal Agreement

Lawsuits filed in the State of North Carolina and Maryland are dismissed

 COLLEGE PARK, MD – The University of Maryland and the Atlantic Coast Conference announced today they have reached a mediated agreement that ends all litigation between both parties.

Maryland has agreed that the ACC will keep the sum of $31,361,788 previously withheld in order to resolve the lawsuits, and the ACC has agreed that Maryland will have no obligation to make any other payments to the ACC. In addition, the lawsuits filed in the State of North Carolina and Maryland will be dismissed.

“The University of Maryland is proud of our long and storied 61-year association with the Atlantic Coast Conference,” said Wallace D. Loh, president of the University of Maryland.  “Today’s agreement helps usher in exciting new eras for both the University and the ACC.  We wish the conference and our ACC university colleagues well.”

“Our student-athletes, coaches, staff, fans and alumni will forever hold dear the memories of six outstanding decades in the Atlantic Coast Conference,” said Kevin Anderson, Director of Athletics at the University of Maryland.  “Today marks the next chapter in the history of Maryland Athletics, and we look forward to creating new memories in the decades to come.”

“On behalf of the ACC’s Council of Presidents, I am pleased that all parties can move forward, returning our focus where it belongs – on our student-athletes, intercollegiate athletic programs and institutions of higher learning,” said Donna Shalala, Chair of the ACC Council of Presidents and President of the University of Miami. “There is great excitement surrounding the ACC and its 15 member institutions and we extend our best wishes to our colleagues at Maryland as we look ahead to the upcoming academic year.”

“I commend our Council of Presidents and specifically President Donna Shalala for steering us to this resolution,” said ACC Commissioner John Swofford. “This agreement allows everyone to fully focus their energy and efforts on prioritizing the student-athletes, especially in this significant time of change within the NCAA restructuring. We wish the University of Maryland well and appreciate their past contributions as we collectively look toward the future.”

The ACC and the University of Maryland consider this matter closed and will have no further comment.

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Maryland President Loh announces school to lend money to athletic department

Posted on 14 August 2013 by WNST Staff

Dear University of Maryland community:

I am pleased to inform you that the final report of the President’s Commission on UMD and Big Ten/CIC Integration is available at president.umd.edu/commissions/B1G.  This report will guide our University’s transition into this athletic conference (on July 1, 2014) and its academic counterpart (Committee on Institutional Cooperation, on July 1, 2013).

Implementation of the Commission’s recommendations will (1) advance the excellence and reputation of UMD, (2) better support our student-athletes to perform at the highest level in their studies and in athletic competition, (3) ensure the long-term financial health of Maryland Athletics, and (4) allocate some of the Big Ten revenues to support UMD’s academic mission and need-based student financial aid.  I have accepted these four principles that undergird the Commission’s recommendations.

I highlight the following actions:

• Some of the new revenues expected from the Big Ten will provide our student-athletes with expanded support for academics, training, sports medicine, and nutrition.

• Some of these new revenues will be allocated to support the University’s academic priorities and student financial aid.  These allocations are expected to grow to at least $1 million annually.  Effective immediately, I have redirected $500,000 annually in other non-state revenues, previously budgeted for Maryland Athletics, to fund expanded mental health counseling services for all students.

• After Maryland Athletics achieves financial stability, half of its excess revenues will be used to repay its debts and the other half will be set aside to build its financial reserves.  This is to ensure that Maryland Athletics, which is a self-supporting enterprise, will never again be in a position where it has to cut teams.

• The men’s outdoor track and field team will be restored with the full allotment of scholarship support.

• The Commission left open the possibility of reinstating other teams in the future.  Any reinstatement review will be informed by the aforementioned principles of the Commission.

• UMD will produce high-quality academic, research, and athletic programming for the Big Ten Network that reaches some 80 million households in the U.S. and abroad.

There is more that I would like to do, and plan to do, to support athletics, academics, and student financial aid.  At this time, however, I am constrained by the Atlantic Coast Conference’s withholding of UMD’s rightful athletic revenues, which are the main funding source for our athletic programs.  Maryland Athletics now must borrow from other UMD (non-state) funds for operating expenses during our remaining time of ACC membership.  While I cannot comment specifically because litigation with the ACC is underway, I can say that our long-term planning has taken into account these issues.  I am resolved to shield our student-athletes from any permanent impact.

Joining the Big Ten is about academics as well as athletics.  I am pleased to report that many of our faculty, students, and staff are already participating in CIC programs on education, research, technology commercialization, libraries, student government, student affairs, and campus safety.  They have been warmly welcomed by their counterparts in this consortium of top-ranked flagship and AAU research universities.  Joining this “super-university” will advance UMD’s academic mission.

I am grateful to the 23 members of the Commission and to the additional faculty, staff and administrators who supported the Commission’s work during its six months of data gathering, deliberations, and public forums that resulted in the excellent report.  These members represent key constituencies: University Senate, undergraduate and graduate student government, UMCP Foundation Board of Trustees, Alumni Association, Student-Athlete Advisory Council, Terrapin Club, and M-Club.  My special thanks to the co-chairs, Linda Clement (Vice President for Student Affairs) and Barry Gossett (vice-chair, University System of Maryland Board of Regents).

I welcome your comments at president@umd.edu.

Thank you for your continued support of the University of Maryland.

Sincerely,

Wallace D. Loh
President

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President Loh says Big Ten move in “strategic interest” for Maryland

Posted on 19 November 2012 by WNST Staff

UNIVERSITY OF MARYLAND TO JOIN THE BIG TEN CONFERENCE

COLLEGE PARK, Md. – The Big Ten Council of Presidents/Chancellors (COP/C) announced unanimous approval today for the University of Maryland to join the Big Ten Conference effective July 1, 2014, with competition to begin in all sports for the 2014-15 academic year. The University of Maryland also looks forward to joining the Committee on Institutional Cooperation (CIC), a consortium of world-class research institutions dedicated to advancing their academic missions.

“Today is a watershed moment for the University of Maryland,” said university president Wallace D. Loh.  “Membership in the Big TenConference is in the strategic interest of the University of Maryland.  It will not only ensure the financial vitality of Maryland Athletics for decades to come, but the extensive opportunities in the CIC for collaborations with our peer AAU and flagship universities in education, research, and innovation will boost the University of Maryland’s ascendancy in academic excellence.”

“The Big Ten Presidents and Chancellors are pleased to welcome the University of Maryland to the Big Ten Conference,” said COP/C Chair and University of Iowa President Sally Mason.  “The University of Maryland is one of the premier public research universities in the country and represents a natural alignment with our other member institutions.  Their top-ranked academic and athletic programs will be a tremendous addition to our conference.”

“Today is a historic day for both the University of Maryland and for Maryland Athletics,” said director of athletics Kevin Anderson. “The Big Ten is an outstanding conference comprised of flagship research universities. Our new peers share our pursuit of both athletic and academic excellence.  We are thrilled to join the Big Ten and look forward to beginning this next chapter in Maryland Athletics starting in 2014.”

In order for an institution to be admitted to the Big Ten Conference, it must submit a written application, which must then be approved by at least 70 percent of the Big Ten COP/C.  The University of Maryland formally submitted an application to join the Big Ten Conference Monday morning. The Big Ten COP/C then met via conference call and unanimously approved UMD’s application.

“The Big Ten Conference is excited to welcome the University of Maryland beginning with the 2014-15 academic year,” said Big Ten Commissioner James E. Delany. “Maryland is a tradition-rich institution with a history of academic and athletic excellence. They’re a great fit and we look forward to a great future.”

About the University of Maryland:  The University of Maryland is the state’s flagship university and one of the nation’s preeminent public research universities. Ranked No. 19 among public universities by U.S. News & World Report, it has 30 academic programs in the U.S News Top 10. UMD is one of only six universities in the world with top 25 programs in Computer Science, Engineering, Economics and Business, Natural Sciences, Mathematics, Physics and Social Sciences, according to the Academic Ranking of Worldwide Universities.

About the Big Ten Conference: The Big Ten Conference is an association of world-class universities whose member institutions share a common mission of research, graduate, professional and undergraduate teaching and public service. Founded in 1896, the Big Ten has sustained a comprehensive set of shared practices and policies that enforce the priority of academics in student-athletes’ lives and emphasize the values of integrity, fairness and competitiveness. The broad-based athletic programs of the 12 Big Ten institutions sponsor 298 teams competing for championships in 25 official conference sports, 12 for men and 13 for women. Big Ten universities provide in excess of $136 million in athletic scholarship aid to nearly 10,000 men and women student-athletes, the most of any conference. For more information, visit www.bigten.org.

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