$54 million in TV money per B1G school by 2024
- Thread starter Local Shill
- Start date
Witnessed this same conversation (I believe) with an involved law alumnus and t head of legacy giving/co-tailgate head during the Iowa game. If I am right:
1) I bELieve that money has to be used for RU Football/ RU sports.
2) The state cannot directly take that money.
3) Though #2, Christie or the governor can decrease that amount from RU in the budget.
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Nope. Just a wee bit of Jeff Spicoli-style support for a righteous approach to games.
Just for clarification, the $54MM is an estimate by the University of Iowa. The currently negotiated TV contract does not go out that far, so this is just speculation on Iowa's part. Also, the $54MM is conference distributions, not just TV money. It includes TV money (both BTN and network), plus bowl money, NCAA money, and other conference revenues.
It's probably going to be a wash, when the state decides to cut funding to the University. Does anybody think it will play out any other way? Rutgers will always have to fight an up hill battle with the dare finances in Jersey.
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Those who think that the payout will be spent exclusively on athletics are delusional. That is going to be university money that will be used to improve not only New Brunswick,but Newark and Camden as well. And don't ever forget that wa live in New Jersey......Trenton and its merry band of thieves are salivating in anticipation of getting their hands on that money.
This has already been covered, the money will ONLY be used by the AD in New Brunswick.
At best the money currently being used to subsidized the AD in New Brunswick can now be used for non sports related projects. As it SHOULD be.
Magoo Igloo is awesome
Cali, Don't sweat it, I've been playing the powerball, I will personally finance 50%, by 2026, ground will be broken
I think there should be some subsidiary, just lower than it is now.
The student fees will remain.
The rest if the funding from the General Budget to Athletics will go away.
(I refuse to use the word "subsidy" on this topic. Not unless we discuss the subsidy the school gives to the French Literature Dept., etc. in those terms as well)
Make sure you form an S corp with RU ice hockey named as a partner so when you win, RU doesn't have to pay any gift tax. Gotta think ahead with this stuff. [laughing]
Conference payout is only half the battle. Every other member will get that too.
All about donations.
All about donations.
Disagree somewhat. This is no team that NEEDS this influx of cash, to change things, more than us (even IN this conference). Yes, the other schools see the bump, but this is the "bump" that puts us light year - LIGHT YEARS - ahead of where we were just a few years ago.
The NFL lost a ton of people because of the Anthem circus. I have friends who swore that they will never watch pro football again just because of it. Long term, who knows. But it is a huge short term hit because the league is hurting big-time in the perception game with tens of millions of their former fans.
I've watched - MAYBE - 1 quarter of non-Giants NFL football thus far and don't think that trend will change at all. If I'm not at a bar, watching multiple games at a time and keeping up on my fantasy scores, I'm hard-pressed to put a game on tv. Boring, predictable, too many freakin' TO's, and now the rest of the nonsense.
Imagine how boring the NFL is to someone who isn't into fantasy sports.
I can't...and I LOVE the game...but the NFL is pushing me further and further away to be 100% honest.
I believe Iowa stated that the Big Ten future contract was agreed to but not signed yet.
The TV contract through 2022-23 has been agreed to but not signed. The estimates for 2023-24 and 2024-25 are beyond the end of the contract and are just speculation on Iowa's part.
when more money comes in:
- continue to pay down the stadium debt
- invest in the basketball arena upgrade
- invest in non-revenue sports
- invest in academic support related to sports
- invest in new dorms for athletes / new dining hall for athletes
Facilities needed:
- Hoops practice facility ($15-$30 mil)
- RAC upgrades - Hoops and Wrestling will be here ($30-50 mil)
- replace old seating with newer comfy seats, add clubs, add video boards, possible expansion)
- Volleyball / Gymnastics meet facility that can also be used for smaller wrestling matches ($5-$20 mil)
- possibly can be an extension of the RAC where 3-5k fans can enjoy our indoor teams that draw less
- upgraded practice and training facilities for non-revenue sports ($2-$10 mil)
- this is a continual challenge to find space for non-revenue sports to train.
- continue to invest in the baseball / softball practice facility initially around $3.5 mil (additional $2- $5 mil)
total potential facility upgrades are: $54 mil to $115 mil
- continue to pay down the stadium debt
- invest in the basketball arena upgrade
- invest in non-revenue sports
- invest in academic support related to sports
- invest in new dorms for athletes / new dining hall for athletes
Facilities needed:
- Hoops practice facility ($15-$30 mil)
- RAC upgrades - Hoops and Wrestling will be here ($30-50 mil)
- replace old seating with newer comfy seats, add clubs, add video boards, possible expansion)
- Volleyball / Gymnastics meet facility that can also be used for smaller wrestling matches ($5-$20 mil)
- possibly can be an extension of the RAC where 3-5k fans can enjoy our indoor teams that draw less
- upgraded practice and training facilities for non-revenue sports ($2-$10 mil)
- this is a continual challenge to find space for non-revenue sports to train.
- continue to invest in the baseball / softball practice facility initially around $3.5 mil (additional $2- $5 mil)
total potential facility upgrades are: $54 mil to $115 mil
This was done purposely. Remember that Rutgers did not do what Maryland did, which is take a huge chuck in the beginning, but will get significantly less by the time they vest.
What we did was very smart and fiscally sound. We are still currently making 5 times more than we would have in the AAC's old contract
Stadium Debt is already being taken care of by the Suites.
Your other numbers are way off based on the Big Ten Build which you apparently forgot about in your numbers.
Hoops Practice Facility will probably have ground broken in the next 4-5 months and the number is closer to 50M since it is a Multisport Facility which includes new practice facilities for Men's and Womens B-Ball, Wrestling, Volleyball, and Gymnastics.
RAC Upgrades: We added new video boards only 2 years ago, no need for that no need to expand
Volleyball/Gymnastics Meet Facility: One note on that is that Wrestling is becoming too big to be done in a smaller facility. I personally think they should consider building an annex to the Rac with a small 2500 seat facility for Volleyball and Gymnastics off the back of the RAC and then turn the Livingston Gym and RAC back over to the university, who essentially own it anyway.
Wrestling has almost 1200 season ticket holders at this point, and they have been added to the Priority Point Structure moving forward so pretty sure EVERY match moving forward will be at the RAC if wrestling has its way.
Athletics is a completely separate organization for all intents and purposes at Rutgers.
The University can not take money away, but they can reduce the amount of money (subsidy) they provide which has been the plan all along.
The Money that comes from the Big Ten is specifically to fund All athletics Programs.
I thought MD took lots up front driven by the ACC buyout. Not facilities investment.
Last I saw RU got around $12-15mm? and it wasn't more than a couple mil > what they last got in the AAC. We are nowhere near making 5x what we were making.
2021, yeah. Now? no way.
You think taking an extra $10mm+$10mm+$10mm+$5mm+$5mm a year the first 5 years would be foolish because you'd only get $40/$40/$40/$45/$45 down the road?
not me.
Agreed that marylands seek was better if it was money to spend on upgrades in facilities or coaching. Problem for them is it all went to fund their ACC buyout.
As far as what we WERE making our last year in the AAC, it's not relevant. Had we stayed in that conference we would be getting about 3 Million a year now. Think about that.
We were saved by our "bad" deal with the B1G.
The TV bundle may be getting chipped at but it is not going to die that quickly.
with all due respect... that's not even close to the point I was making...and I have no idea why you are responding with these comments. I specifically noted what MD spent their $ on and I never said it was a bad deal to be in the B1G.
just saying you can't compare our current conference payout to what we used to get, when the current day alternative is so much less.
Had little to do with your point, but you did raise the question of how much we used to get from the BigvEast /AAC.
