$70 Million is not even a rounding error on $5.4 billion? That's 1.3% of the budget.
That's also 32% of its overall net position improvement.
Keep sticking your head in the sand.
Sorry but this is clueless. 1.3% is not material, especially for the ENTIRE AD, which will ALWAYS be in the red.
The Previous President of Rutgers doesn’t care. The people that matter, understand that Competing in the Big Ten is expensive and spending lots of money is the cost of doing business in the Big Ten.
The AD lost money last year and every previous year. Big Whoop. You’d probably find similar ratios going back in history, though it is true that the deficits are increasing significantly, year to year, due at least partially to increased travel expenses and coaching salaries.
Recruiting Travel expenses are probably a significant reason. There’s no Fieldhouse, so most of our recruits come from out of state. For the ‘24 Class, 4 out of 27 recruits came from NJ, so 23 out of 27 recruits came from out of state. It’s costs money to recruit out of state in terms of travel costs. Airfare, rental cars, hotels, it all adds up. Coaching salaries are also likely driving the increase as we have to pay more to retain good coaches.
The 2024-2025 loss could be even worse, because we started paying Schiano 6.25M, and other coaches got increases too. Though this might be offset by the revenue boost we got by Washington, USC, and UCLA joining.
At some point, soon, we will have $100M deficits because we’ll be paying players. But you know what, it won’t be a big deal, so I hope we don’t have to go through the same song and dance every year.
What matters is our net position increase by $217M, but you won’t see the Star Ledger writing a story about that.
