On November 19, 2012, the University of Maryland's Board of Regents voted to withdraw from the ACC and join the Big Ten as its 13th member effective on July 1, 2014. The Big Ten's Council of Presidents approved the move later that day. One day later, Rutgers University of the Big East also accepted an offer for membership from the Big Ten as its 14th member school. Like Nebraska, both schools would not receive full shares of the media revenue until six years after they joined. However, both schools took loans from the conference, thus pushing back the date they would receive full shares.
On November 19, 2012, the University of Maryland's Board of Regents voted to withdraw from the ACC and join the Big Ten as its 13th member effective on July 1 2014. The Big Ten's Council of Presidents approved the move later that day. One day later, Rutgers University of the Big East also accepted an offer for membership from the Big Ten as its 14th member school. Like Nebraska, both schools would not receive full shares of the media revenue until six years after they joined. However, both schools took loans from the conference, thus pushing back the date they would receive full shares.