Via this SI Article. I know this has been mentioned before, specifically with the sports cutting Maryland is doing, but this article provides a compact time line of the Terps woes. In 2011 they ran a 7.8 million dollars into the red. The author does throw out some claim that by 2020 Maryland could have a revenue stream exceeding 100 million per year thanks to them joining the B1G, but the reality is we just brought in a school that needed a loan from the state to pay its football coach. Urgh.
The nutty Michigan coverage isn't so much about Harbaugh as it is a signal to the Big Ten that Fox wants to party.