It's wiki so take it FWIW, neither Rutgers nor MD have an endowment of 1B. They are both larger than ours, so we have some work to do, but maybe the number isn't 1B.
http://en.wikipedia.org/wiki/Big_Ten_Conference#Endowments[/quote]
As your post shows, all the current B1G have at least $1B in endowments. And if you look across the college landscape, that appears to be the threshold number to be considered "big time". Maryland and Rutgers may have have less, but they bring a lot of eyeballs (or at least cable subscribers). We'll need more in other areas if we can't match them there. You also have to look at the endowments of likely B1G candidates (UVA- $5.2B, UNC- $2.2B, GT- $1.62B).
Herbst is trying to build up the academic side as compared to other schools outside the top 5 conferences so that we get better as an academic institution (our first priority) AND eventually get a seat at the table of big time college sports. I think it's a good strategy...just need to get WM to be more aggressive relative to his peers.