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The all-inclusive Rutgers dumpster fire thread...
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[QUOTE="HtownOrange, post: 4941877, member: 622"] So much to unpack, let's get started with the highlights: 1) [I]Rutgers spent a record $153,523,767 in 2022-23 - [/I]Does anyone NOT understand why FSU wants more money? (I know, we all understand this point) 2) [I]$34.4 million in coaching salaries[/I] - Does any other school get so little for so much? 3) [I]$25.7 million in administrative/ and support staff salaries[/I] - Not to be outdone, the admin side of sports costs nearly as much as the coaching staff. 4) [I]$26.1 million in university subsidies[/I] - There it is, the University pays to play. Literally, the AD should not take money from the school. How many scholarships could NJ kids use? 5) [I]Despite the record revenue, Rutgers athletics’ deficit for the year totals $54.2 million[/I] - And I though the $20MM and $30MM deficits were too much...Obviously, Rutgers disagreed and proved wrong. 6) [I]The expenditures represent 3% of [URL='https://www.rutgers.edu/about/budget-facts']the university’s $5.4 billion budget[/URL], while the $26.1 million in subsidies account for 0.5% of the budget.[/I] - For those who think the AD and conference money is key to a successful university, this proves the whole mess is not impactful on the overall scope of university budgets. 7)[I] The department’s ledger shows only a $28.1 million shortfall because the debt was offset by $26.1 million — $6.2 million in subsidies from the university’s operating budget,[B] $13.5 million in student fees[/B] and $6.4 million in direct state or government support[/I]. - You knew that Rutgers could not survive without robbing the students. 8) [I]“it is highly unlikely the athletics division of Rutgers-New Brunswick ... will one day cover all of its expenses”[/I] - Rutgers' own position is finally disclosed. Never will Rutgers break even, let alone pay back anything... Apparently the B1G money is not going to help Rutgers at any point in time. But everyone knew this outside of Rutgers fans. All three of them. [/QUOTE]
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