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The all-inclusive Rutgers dumpster fire thread...
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[QUOTE="HtownOrange, post: 2155069, member: 622"] How much of the donations was a reaction to joining the B1G and how much is ongoing? The reality is that the Rutgers AD is in the hole to some $400MM, probably more as we have seen some of their accounting. With projected B1G money, if Rutgers stopped all AD spending, it would take 10 years to pay off the debt. The three year figure was probably necessary to imply that donations are increasing when they are really nothing more than a one time spike. Regardless, even if true, at an 80% increase, Rutgers is in the red annually $30-40MM. States are moving away from being the majority source of income for colleges and universities. Schools heavily dependent on the State for funding will be hard pressed for the future when they run more like private institutions. Everyone is beginning to see that "free education" is not free, someone has to pay (taxpayer) and that the payor wants more bang for their buck (hospitals, infrastructure, lower taxes, new business development, etc.). Access to college has exceeded equilibrium and it t is likely that colleges and universities will be merged, scaled back and/or closed. Schools like Rutgers that have mortgaged their future on their athletics department are in trouble. We can complain all we like about SU not moving as fast as we want, but let's be real, they don't have the State funding and they don't have the worry that the State funding may dry up soon. SU has always moved forward. Sevyrud has a solid plan (hard science, research, medicine, etc.) which is where many long term money sources are garnered (patents, grants, big donors, etc.). I prefer Syracuse' AD problems over Rutgers' AD problems. [/QUOTE]
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