(The field and new facility are terrific by the way, especially in a park that really draws so many people together from diverse neighborhoods.)
- Maryland's application for Big Ten admission approved
- Maryland approves move to Big Ten; Rutgers next
- Big Ten's TV savvy makes Maryland's move look like a winner, analysts say
- Terps football 2014 [Pictures]
- Five key questions as Maryland enters 2014 football season
- Terps at Big Ten football media days [Pictures]
See more photos »
- Video: New Terps uniforms
Which is why it should come as no surprise that he released the following statement Tuesday afternoon:
"As a former student-athlete at the University of Maryland and a supporter of the Athletic Department, I would like to congratulate Wallace Loh, Brit Kirwan and Kevin Anderson on reaching this agreement with Jim Delany and the Big Ten Member institutions. The ACC has been a great partner to Maryland throughout the years, however joining the Big Ten now provides new and exciting opportunities for our beloved University. The positive financial impact of this move has been well-documented, however, enhancing the experiences for all of our student-athletes and our campus as a whole is the most important consideration. I look forward to this new chapter for Maryland and I am excited for our future. Go Terps!"
So that's that. There's been much speculation about Plank's role in the decision, and he has denied pushing it one way or the other.
Under Armour spokeswoman Diane Pelkey also says that Plank will not be contributing to help Maryland pay a $50 million buyout fee to the ACC and called reports of such, "completely false."
Plank did disclose plans to sell up to 1.3 million shares of stock in Under Armour, worth about $65 million at current prices, over the next year. But Pelkey said Plank had made plans to liquidate the stock months ago and that the money will be used for tax, estate, and charitable giving.