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The all-inclusive Rutgers dumpster fire thread...
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[QUOTE="HtownOrange, post: 1146502, member: 622"] Read this article: [url]http://www.usatoday.com/story/sports/college/2014/02/23/rutgers-university-athletics-subsidy-jumps/5761371/[/url] No local bias for you to worry about. See: [url]http://www.muckgers.com/2014/03/athletics-budget/[/url] Now focus on this: [B]" Greg Brown, head of the athletics committee operating under the Board of Governors, told the Board the school could make [/B][URL='http://www.nj.com/news/index.ssf/2013/10/rutgers_expects_200m_windfall_with_big_ten_move.html'][U][B]$200 million over the next 12 years[/B][/U][/URL][B] by joining the prestigious conference. [/B][URL='http://www.nj.com/news/index.ssf/2013/10/rutgers_expects_200m_windfall_with_big_ten_move.html'][U][B]According to NJ.com[/B][/U][/URL][B], Rutgers has the lowest endowment of all schools in the Big Ten."[/B] Let's analyze: Rutgers [B]COULD[/B] make $200MM over 12 years. That is a $16.67MM/year average. Now, we will be generous and use the deficit from the year before last at $28MM (last year's deficit was $47MM!). $28MM - $16.67MM = -$11.33MM annual shortfall. And that is on a "COULD" make $200MM over the next 12 years! Rutgers is in deep debt and will be adding nearly $135MM over 12 years. When does the hemorrhaging stop? Will the debt be paid? Let's not forget you just gave a mediocre at best Flood a raise/extension and thus are stuck with him for four years and cannot afford another buyout. [/QUOTE]
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