The watchdog series at it again!
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Rutgers athletics' most recent deficit was $60M. Can Big Ten TV money stem the red tide?
https://www.app.com/story/news/watc...ficit-big-ten-conference-revenue/65892405007/ via @asburyparkpress
Some highlights...
"Experts say each school could receive as much as $70 million in 2030. That would come to $27 million more than the conference sent to each team this year, but that still would not be enough to cover Rutgers’ budget shortfalls"
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"Rutgers received about $10 million a year during its first six years in the Big Ten, an amount based on what it made in its previous conference. That was about one-fifth of what most Big Ten members received those years, putting Rutgers at a great disadvantage as they spent increasing amounts of money on facilities, salaries and equipment to play catchup with other conference schools. Maryland and Nebraska also did not receive full shares during their first six years.
Unlike Rutgers, USC and UCLA will receive full shares of Big Ten revenue in their first year in the conference. "
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"Athletics sold 18,297 season tickets for the 2021 football season — 40% less than in 2014,..."
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"Football ticket sales in 2021 came to $7.1 million for six home games — $4.5 million less than Rutgers’ first season in the Big Ten, when it also played six home games. Rutgers did not provide ticket sale information for its other teams.
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Side point is Syracuse made the right decision going to the ACC. Just think how bad the programs here and at Pitt would be with those revenue constraints. No new practice facility, new dome, new athletic center, etc...
Maryland and Nebraska too!?!?! That explains their woes as well. That's some insane inequity there.
