So where could the huge losses be coming from? Tough to reduce expenses when the losses aren't pinpointed. Does the football, basketball teams get allocated any of the overhead costs for the use of the stadium, basketball facility, athletic administrators, S&C costs, insurance, buyouts etc?
Rutgers had buyouts for a number of coaches, assistant coaches and athletic dept personnel - were they allocated to the appropriate sports? They are expenses.
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The only figures I can provide right now is a general summary the university provides that is titled NCAA membership financial reporting system for the year 2014
After all the pluses and minuses football had an excess of$ 1,996,036
Basketball. An excess of. $1,202,291
On the negative side, a category lists these things under direct institutional support, which are:
Women's basketball. $909,669
Other sports. $9,483,666
Non specific. $15,608,012
The question becomes, what is this large non specific outlay, is it the stadium expansion, ex coach salaries?... As you ask, it is possible all buyouts and similar expenses might be in the non specific column.
For this I do not have an answer.
Creative accounting? ... Sounds like it... But I think they wanted to show that aside from buyouts and expansion costs, the program, unto itself, with current coaching salaries, etc, makes money.
Another question, should we be expecting the current program to be able to pay for the expansion, which was costly, or do figure it as a university expense like when you build a new science building, for example.
But again, in 4 to 5 years I would expect most or all the negative numbers are just about wiped out.