The all-inclusive Rutgers dumpster fire thread...

[Briancuse]

Final score 0-0

Both ash and edsal get bonuses.

 

[HtownOrange]

Both ash and edsal get bonuses.

...and three year extensions

 

[shamrock1213]

This came up in my Facebook news feed today

 

[MSOrange]

Coaching carousel winners and losers: New grades for every hire ahead of the 2019 season

 

[money3189]

Rutgers says full Big Ten share delayed until 2027

 

[orange79]

 

[HtownOrange]

Rutgers says full Big Ten share delayed until 2027

In fiscal 2017, the athletic department brought in $96.9 million, but it spent $99.2 million, leaving a $2.3 million operating deficit. This, despite athletics receiving $21.32 million in direct institutional support from the school and another $11.77 million in student fees.

The $33 million subsidy in fiscal 2017 is up from more than $28 million in fiscal 2016, when athletics received $17.16 million in institutional support and another $11.42 million in student fees.

The writer does a decent job of disguising the truth stating Rutgers AD brought in $96.9MM, spending $99.2MM, leaving a $2.3MM deficit. However, The AD did not bring in the revenue, the school bailed it out as did student fees. Funny accounting to make it look like Rutgers is bringing a lot of revenue when in fact, the AD is still losing serious ground.

 

[texascpa]

Rutgers says full Big Ten share delayed until 2027

Wait! Wut? Isn't that farther out than originally promised? Plus, weren't they just told a couple years ago that the B1G was going to speed up the payout?

EDIT: LOL, their institutional support jumped $5M in one year. That's more than their share jump.

 

[texascpa]

So, went to Buttgers board to see their reaction and instead found a thread on a DT from Germany they're recruiting. lol.

 

[HtownOrange]

Wait! Wut? Isn't that farther out than originally promised? Plus, weren't they just told a couple years ago that the B1G was going to speed up the payout?

And they were told it would be more than $50MM! And the B1G number is less than most think because of gate sharing and other schemes. I wish a real forensic accounting could be made of each conference revenue and then serious analysis and comparison between the conferences.

 

[omniorange]

B1G got a huge increase in their national TV rights starting in 2017 so I bet Rutgers will receive its full share of the BTN (which will likely accounts for most of the huge jump from $28 million in 2020 to $43 million) in 2021 seven years after joining the Big Ten, but I bet they will get paid the same amount they got under the old national TV rights until 2027, 10 years after the renegotiated national TV contracts. Who knows, maybe by then they might actually make it to national TV (ABC, FOX, NBC, ESPN) more than an average of once a season. And yes, SU hasn't been that great on the football field either until this year, but we got a full share immediately and from the same time period when Rutgers was only shown a total of 5 times on one of those above networks SU has been shown 15 times.

Cheers,
Neil

 

[Briancuse]

So, went to Buttgers board to see their reaction and instead found a thread on a DT from Germany they're recruiting. lol.

Vonderful

 

[Cuseman78]

According to the nj.com article, the way I understand it is that they're essentially taking advances on their future payouts to pay for short-term deficits. Which is essentially pushing out their full share to 2027. A truly Inept Athletic department and University. They're never going to get it right.

 

[Noexcuse]

Vonderful

das ist gut.

 

[crales44]

So, went to Buttgers board to see their reaction and instead found a thread on a DT from Germany they're recruiting. lol.

Punchline: He's going to Penn State.

 

[Symphony Steve]

Rutgers loses a coach before he, you know, coached:

Rutgers football losing assistant coach to Giants

 

[Moontan]

Rutgers loses a coach before he, you know, coached:

Rutgers football losing assistant coach to Giants

On the bright side, they’d collect a $30,000 buyout fee.
That should fix their budget issues...

Oops, that’s only $30K not $30M. Ne’er mind...

 

[CuseLegacy]

 

[crales44]

What are they hunting, Easter eggs? It would account for the level of excitement in the image. Easter egg hunting is much easier than winning football games.

 

[SUFaninNJ]

What are they hunting, Easter eggs? It would account for the level of excitement in the image. Easter egg hunting is much easier than winning football games.

 

[SUfaninAZ]

The birthplace of seeing nobody in our rear view mirror.

 

[NJCuse97]

I honestly read it as “revision” and thought, that’s pretty honest. Good for them.

 

[Todoubled23]

The birthplace of seeing nobody in our rear view mirror. View attachment 153662

Oh man, these would make a great gift

 

[jgeorge322]

I honestly read it as “revision” and thought, that’s pretty honest. Good for them.

Same! Lol

 

[DeGrozz]