COLLEGE PARK, Md. (WUSA) -- University of Maryland's President Wallace D. Loh didn't waste any time in the news conference he hosted on Monday Afternoon.

"We are excited to announce that the University of Maryland will join the Big Ten Conference on July 1, 2014," Loh said.

Loh cited financial woes and other reasons for the big move. He said the reasons were not just for the athletics department, but for university academics as well.

"We are absolutely committed to begin the process to reinstate some of the teams that we had to terminate," Loh said.

The University of Maryland had to cut many of its smaller programs, like gymnastics and swimming, because of major financial difficulty.

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