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Message: [QUOTE="HtownOrange, post: 2155175, member: 622"] My reference to mortgaging their future was to the AD, not the university as a whole. Recall from many articles written on this matter that Rutgers Bank has loaned money to the AD, as we as other sources, to the tune of nearly $400MM which is known. What is not known is whether the AD must pay back other sources of revenues that were not clearly "loaned" or "borrowed" must be paid back as well. It is also known that the AD is losing $30-40MM annually. While several pro Rutgers' AD articles tout that they will receive $40-50MM annually in the future, what is known is that Rutgers already receives $10+MM, thus the estimates must be decreased by what is being received at this point to determine the actual increase. By several models, Rutgers will still be losing money, which is why many NJ writers are offended that neither the school nor the AD will answer questions in full, explaining the full accounting of how, even under the best projections, Rutgers might break even with the B1G money, yet never be able to pay back the nearly half billion $$ already borrowed (recall that the amounts known do not include all amounts received from other sources nor does it include what may have been hidden). We haven't even considered inflation since the projected money is down the road. Thus, in the best case scenario, the AD will break even on annual expenses with no money to pay interest on the debt, let alone to pay down the principal of the debt.. Add to that the fact that best case scenarios rarely ever come to fruition, resulting in the AD continuing to add debt with no means of servicing the debt. RU is not going under for the AD, that was never said nor implied. However, RU will either have to rein in spending, force cuts, or discontinue athletics unless there is a profit shown somewhere. Their reckless spending has many consequences and the academics are reasonably asking questions that should be answered (as are writers, and the people). RU historically has been a university with little support from the alumni. As one of the oldest institutions in the nation, their endowment should rival any big state u. and the Ivies. Though I am not a Syracuse alumn, I grew up in Onondaga County and followed Syracuse. That said, if I were a faculty member at Rutgers, an NJ taxpayer, parent of a student. etc., I would be very concerned at the reckless management of the AD. [/QUOTE]

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