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[QUOTE="WickedOrange, post: 663208, member: 915"]
[I][SIZE=16px][FONT=Georgia][COLOR=#363636]The Rutgers University athletic program isn’t just a public relations catastrophe; it’s also an economic disaster. Expenses ran ahead of revenues by $28 million in 2011-12. The cumulative shortfall since 2005 is $190 million.[/COLOR][/FONT][/SIZE][/I]
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[I][SIZE=16px][FONT=Georgia][COLOR=#363636]In addition to fiscal fantasy, Rutgers has added a little creative accounting. Its report to the NCAA shows that the subsidy to athletics is $28 million: $18.5 million from discretionary university funds and another $9.5 million from student fees. None of these funds are earmarked for athletics — the university is free to spend those dollars on anything it wants, or even hand them back to students and their families as tuition reductions. All told, the subsidy amounts to almost $1,000 for each undergraduate. The student fees alone work out to almost $330 per undergraduate.[/COLOR][/FONT][/SIZE][/I]
 
[url]http://blog.nj.com/njv_guest_blog/2013/06/will_the_big_ten_make_rutgers.html[/url]
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