
Maryland athletic director Jim Smith announced Sunday that head coach Mike Locksley will return for the 2026 season, but the decision carries an uncomfortable footnote. The Terrapins are riding a six-game losing streak, sitting at 4-6 with just two games left on their schedule.
Smith told ESPN that the school plans to boost financial support for the football program, framing the move as a commitment to resources rather than results. Smith told ESPN that Maryland will prioritize roster retention, recruiting and competing in the transfer portal while working to strengthen NIL support.
The timing feels off. Just days before the announcement, Smith wouldn’t commit to Locksley when asked by the Baltimore Sun. He said the program would evaluate things at the end of the year and that making a decision immediately would be silly.
Then Maryland lost to Illinois 24-6, stretching the losing streak to six games. The next day, Smith reversed course and declared Locksley would be back. What changed between Tuesday and Sunday wasn’t the football. The Terps actually got worse. Locksley’s overall record at Maryland stands at 37-46.
Last season ended 4-8 after the Terps won three straight bowl games from 2021 through 2023. This year started 4-0 with a win over Wisconsin.
Then Maryland dropped three straight games decided by seven points or less. Indiana and Rutgers both blew them out after that. The Illinois loss made six straight, and Michigan plus Michigan State are still on the schedule.
ESPN’s Pete Thamel reported the buyout would cost Maryland around $13 million. That figure matters here. Smith told ESPN the decision protects a freshman class he doesn’t want scattered across the transfer portal.
NEWS: University of Maryland coach Mike Locksley will continue as head coach in 2026, and the school plans to significantly increase financial support to the program, athletic director Jim Smith told ESPN. https://t.co/47e91FFMjS
— Pete Thamel (@PeteThamel) November 16, 2025
Locksley has been targeting Baltimore kids for 2026, including Zion Elee, a five-star offensive lineman from St. Frances Academy. Rivals puts Maryland’s 2026 class at 50th nationally right now.
Money Talks Louder Than Six Losses When Maryland Calculates Cost of Change
Smith wrote an open letter to fans after the announcement. The letter said Locksley “deserves the full support” of Maryland’s athletic department and acknowledged frustration with a 4-6 record.
Smith said Locksley will have more resources in 2026 than ever before. Most of that goes toward NIL money and keeping players from transferring out.

The decision parallels what Wisconsin did, too. Both schools are increasing football budgets and betting that more money can fix poor results.
The difference here is that Wisconsin athletic director Chris McIntosh publicly backed Luke Fickell for weeks before making it official. Smith stayed quiet until the day after a sixth straight loss, creating the impression that financial concerns drove the timeline more than confidence in the coach.
The question isn’t whether Maryland can afford to fire Locksley. They clearly decided they cannot. The question is whether throwing money at the problem will produce different results or just postpone the same conversation for another year. Smith believes the answer lies in NIL funding and roster stability. Locksley gets another chance to prove it on the field.
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