COLLEGE PARK -- Despite losing $42,810 on its Independence Bowl venture, Maryland prospered thanks to what athletic director Andy Geiger calls "a banner year" for Atlantic Coast Conference football.
"Even with our own net loss, we'll wind up about $500,000 to the good because of our share of the other ACC teams' bowl money," Geiger said.
In addition to Maryland's Independence Bowl game against Louisiana Tech, the ACC sent Virginia to the Sugar Bowl against Tennessee, Georgia Tech to the Florida Citrus against Nebraska, Clemson to the Hall of Fame against Illinois and North Carolina State to the All-American against Southern Mississippi.
Maryland received $600,000 as its Independence Bowl payout, but its expenses were $642,810. Included in that, besides transportation, meals and lodging expenses for the team, band, cheerleaders and officials, was $323,197 worth of game tickets that Maryland had to buy as part of the bowl arrangement but couldn't sell.
The Terps were committed to purchasing 15,000 tickets at $25 per for a total of $375,000. They sold only a few thousand (totaling $51,803) and donated the rest (totaling $323,197) to the Boy Scouts and personnel at Barksdale Air Force Base near the bowl site in Shreveport, La.
Also included in the expenses was $23,000 in bonuses for coach Joe Krivak and his assistants.