Fulop attacks Rutgers Football to make point on Rutgers Strike.

[Knight177lb]

No one cares about the profit. It’s about winning and him calling us “below average” is kinda cute

No one cares about the profit. It’s about winning and him calling us “below average” is kinda cute

I disagree. The majority of the state believes that we waste millions on football. The Star Liar pushes that narrative and people start to believe Rutgers football is causing high taxes. Then the hate for Rutgers by its own citizens grows and grows. Now, overall, sports at Rutgers do not turn a profit, but that's true at most schools. However, football more than pays for itself and also goes to help fund non-revenue sports. If people only knew this, we would get far more fan support.

 

[tico brown]

Is NJ the only state that hates its own state university?

Hawaii is a close second.

 

[Plum Street]

I disagree. The majority of the state believes that we waste millions on football. The Star Liar pushes that narrative and people start to believe Rutgers football is causing high taxes. Then the hate for Rutgers by its own citizens grows and grows. Now, overall, sports at Rutgers do not turn a profit, but that's true at most schools. However, football more than pays for itself and also goes to help fund non-revenue sports. If people only knew this, we would get far more fan support.

We waste millions because we stink
Just win. Simple as that . Plum knows

 

[Fat Koko]

However, football more than pays for itself and also goes to help fund non-revenue sports.

People can argue whatever they want about football's profitability by doing the accounting in different ways.

The simplest way to do it is football operating revenues less football operating expenses. Using this method, Rutgers football operates at a loss.

According to Rutgers's accounting, non-sport specific revenues are higher than football operating revenues. Likewise with expenses. Allocate these amounts, such as Pat Hobbs salary, any way you want.

On a total athletic department basis, Rutgers loss is by far the largest in the B1G. Eleven B1G members earned operating profits, Maryland made a small loss, Minnesota hasn't reported yet, and Northwestern is a private school so doesn't have to disclose its figures.

I'm using 2021-2022 fiscal year financial reports.

 

[Knight177lb]

People can argue whatever they want about football's profitability by doing the accounting in different ways.

The simplest way to do it is football operating revenues less football operating expenses. Using this method, Rutgers football operates at a loss.

According to Rutgers's accounting, non-sport specific revenues are higher than football operating revenues. Likewise with expenses. Allocate these amounts, such as Pat Hobbs salary, any way you want.

On a total athletic department basis, Rutgers loss is by far the largest in the B1G. Eleven B1G members earned operating profits, Maryland made a small loss, Minnesota hasn't reported yet, and Northwestern is a private school so doesn't have to disclose its figures.

I'm using 2021-2022 fiscal year financial reports.

What are you counting as operating revenue?

 

[Plum Street]

People can argue whatever they want about football's profitability by doing the accounting in different ways.

The simplest way to do it is football operating revenues less football operating expenses. Using this method, Rutgers football operates at a loss.

According to Rutgers's accounting, non-sport specific revenues are higher than football operating revenues. Likewise with expenses. Allocate these amounts, such as Pat Hobbs salary, any way you want.

On a total athletic department basis, Rutgers loss is by far the largest in the B1G. Eleven B1G members earned operating profits, Maryland made a small loss, Minnesota hasn't reported yet, and Northwestern is a private school so doesn't have to disclose its figures.

I'm using 2021-2022 fiscal year financial reports.

Yeah and just ignore the hundreds of millions the football team brings in because of the tv deals.
Sounds like you missed your calling as a shady accountant!

 

[Fat Koko]

What are you counting as operating revenue?

Operating revenue = ticket sales + conference distributions + miscellaneous + donations.

Ticket sales and conference distributions make up the vast majority of operating revenue for Rutgers football.

For football, Rutgers ranks #50 out of 50 among the public power 5 schools on operating revenue. On operating expenses, Rutgers ranks #18 out of 50.

Where Rutgers stands out is revenue generation from student fees - #3 highest student fee revenue among the 50 power 5 publics. The student fee revenue is not counted toward any specific sport however.

These amounts are for the 2021-2022 fiscal year, which ran from July 1, 2021 to June 30, 2022.

Previously, Rutgers athletics counted loans from the university as operating revenue, This accounting broke NCAA rules. Rutgers no longer reports loan proceeds as operating revenue.

 

[mdk01]

Operating revenue = ticket sales + conference distributions + miscellaneous + donations.

Ticket sales and conference distributions make up the vast majority of operating revenue for Rutgers football.

For football, Rutgers ranks #50 out of 50 among the public power 5 schools on operating revenue. On operating expenses, Rutgers ranks #18 out of 50.

Where Rutgers stands out is revenue generation from student fees - #3 highest student fee revenue among the 50 power 5 publics. The student fee revenue is not counted toward any specific sport however.

These amounts are for the 2021-2022 fiscal year, which ran from July 1, 2021 to June 30, 2022.

Previously, Rutgers athletics counted loans from the university as operating revenue, This accounting broke NCAA rules. Rutgers no longer reports loan proceeds as operating revenue.

1. I don't think donations are included in the official calculations. That's not to say OSU, Michigan and a bunch of others wouldn't be even farther ahead, but it would reduce the loss.

2. Rutgers offers more sports than most of the other Big 10 schools, and more yet than the SEC and a bunch of others. Lacrosse jumps out, but is by no means alone.

 

[Fat Koko]

1. I don't think donations are included in the official calculations. That's not to say OSU, Michigan and a bunch of others wouldn't be even farther ahead, but it would reduce the loss.

2. Rutgers offers more sports than most of the other Big 10 schools, and more yet than the SEC and a bunch of others. Lacrosse jumps out, but is by no means alone.

1. Rutgers explicitly includes football-specific donations in its football operating revenues. So do the other B1G schools.

2. Only Ohio State offers all B1G sports. Rutgers offers all 14 women's sports, better the rest of the B1G.. On the men's side, Rutgers offers 10 of the 14 sports, in line with B1G peers.

 

[mdk01]

1. Rutgers explicitly includes football-specific donations in its football operating revenues. So do the other B1G schools.

2. Only Ohio State offers all B1G sports. Rutgers offers all 14 women's sports, better the rest of the B1G.. On the men's side, Rutgers offers 10 of the 14 sports, in line with B1G peers.

That's only part of what went into the stat. You also have the Big 12, which only offers 10 sports and no school plays all 10 and the SEC, which might offer 14 but school does better than 9.

 

[angmo]

We waste millions because we stink
Just win. Simple as that . Plum knows

Fulop will give us a wallop!

 

[RCBeta79]

Fulop and many of the Rutgers Professors don't understand that Academic Reputation and University Growth is driven by successful athletics:
1. Unlike sports fans, Rutgers graduates don't come back on a regular basis to visit their favorite professors.
2. Professors don't raise millions of dollars for the school and certainly don't get funding for new buildings.
3. For the most part, new buildings are donated by Successful Alumni or a Fan that are connected on a regular basis to athletics like football or basketball.
4. Successful Alumni in Corporate Management that are connected on a regular basis to a Rutgers sport(s) can bring value to their company and Rutgers gets corporate sponsorship and new buildings when tied to customized Rutgers graduate education programs for their employees (especially in the research and management training skills).
5. Rutgers has some elite education programs, but lesser academic schools with successful football programs raise significantly more revenues.
6. Successful Student Athletes that become Star Professional athletes in Football, Basketball, Baseball and Soccer can personally help fund the future of Rutgers Athletics. We need to instill in our star athletes and players that contributing to your sport after graduation is important because Rutgers played a major part in their success.
7. The state of New Jersey is one of the lowest percentage contributors to its state university vs. other states.

 

[Fat Koko]

Fulop and many of the Rutgers Professors don't understand that Academic Reputation and University Growth is driven by successful athletics:
1. Unlike sports fans, Rutgers graduates don't come back on a regular basis to visit their favorite professors.
2. Professors don't raise millions of dollars for the school and certainly don't get funding for new buildings.
3. For the most part, new buildings are donated by Successful Alumni or a Fan that are connected on a regular basis to athletics like football or basketball.
4. Successful Alumni in Corporate Management that are connected on a regular basis to a Rutgers sport(s) can bring value to their company and Rutgers gets corporate sponsorship and new buildings when tied to customized Rutgers graduate education programs for their employees (especially in the research and management training skills).
5. Rutgers has some elite education programs, but lesser academic schools with successful football programs raise significantly more revenues.
6. Successful Student Athletes that become Star Professional athletes in Football, Basketball, Baseball and Soccer can personally help fund the future of Rutgers Athletics. We need to instill in our star athletes and players that contributing to your sport after graduation is important because Rutgers played a major part in their success.
7. The state of New Jersey is one of the lowest percentage contributors to its state university vs. other states.

Let me address a few of these items.

3. This is false. Donations make up less than half the cost to build Rutgers newest athletic facilities. The Rodkin Center benefited from a $15 million donation from the Rodkin family, yet despite this generous donation, pledged donations made up less than half the cost. The rest was funded by loans.

The RWJBarnabas Center was funded mainly through a) loans, b) a naming rights deal in which the Rutgers alum who led the hospital diverted hospital resources to Rutgers, and c) a lease in which the same hospital paid Rutgers athletics years of lease payments upfront in one lump sum.

7. What is your source? The sources I look at show New Jersey's contribution to the state's universities is actually slightly higher than the median contribution of other states.

 

[AreYouNUTS]

As one who resides and works in JC, and admittedly doesn't like most of his politics....well....this guy is a DOUCHE regardless of politics. Honestly.

 

[brgRC90]

Our football fans are going to have to stop being so thin-skinned. The team DOES stink despite a lot of investment and almost certainly loses money if reports that most programs lose money are true and only teams like Texas or Ohio State make money. Lots of people are skeptical about big time athletics that actually do win, bring in money and spur interest in the university. Of course there will be skeptics about a program that currently does none of those things. Of course other fans will make fun of the team. In case you haven't noticed, Americans love a winner and mock a loser. It permeates out culture.

 

[Knight177lb]

Operating revenue = ticket sales + conference distributions + miscellaneous + donations.

Ticket sales and conference distributions make up the vast majority of operating revenue for Rutgers football.

For football, Rutgers ranks #50 out of 50 among the public power 5 schools on operating revenue. On operating expenses, Rutgers ranks #18 out of 50.

Where Rutgers stands out is revenue generation from student fees - #3 highest student fee revenue among the 50 power 5 publics. The student fee revenue is not counted toward any specific sport however.

These amounts are for the 2021-2022 fiscal year, which ran from July 1, 2021 to June 30, 2022.

Previously, Rutgers athletics counted loans from the university as operating revenue, This accounting broke NCAA rules. Rutgers no longer reports loan proceeds as operating revenue.

Rutgers ranks #35 according to this website:

Rankings | Highest grossing college sports programs - Most revenue college sports

Discover the top colleges of 2024 ranked by Raptor® to help you find the right college. Click here for more!

www.collegeraptor.com

 

[rudad02]

Check out Mayor Steve Fulop trying to get some brownie points for his run for NJ Governor by ripping Rutgers Football, which currently has players from Hudson County (including one from Fulop’s own Jersey City).

View embedded media

Has a point.

 

[RU#1fan]

Rutgers ranks #35 according to this website:

Rankings | Highest grossing college sports programs - Most revenue college sports

Discover the top colleges of 2024 ranked by Raptor® to help you find the right college. Click here for more!

www.collegeraptor.com

Surprised that Sarah, Northwestern, and Vanderbilt rank above RU .

 

[mdk01]

Surprised that Sarah, Northwestern, and Vanderbilt rank above RU .

What else is there to do in Central New York?

 

[Fat Koko]

Rutgers ranks #35 according to this website:

Rankings | Highest grossing college sports programs - Most revenue college sports

Discover the top colleges of 2024 ranked by Raptor® to help you find the right college. Click here for more!

www.collegeraptor.com

Those are outdated figures from the Covid year. Miraculously, while other schools were down 8 figures in football revenues due to Covid, Rutgers witnessed football revenues increase.

The reality is Team Hobbs cheated and included Rutgers University loans in its football revenue figure.

 

[GSGS]

The next NJ gubernatorial race will likely be Fulop vs. Jack C. Go Jack!

 

[RUDiddy777]

Guy is a jackass. Pisses off RU alums and students yesterday then announces his Governor run by pissing off families of 9/11 victims today. I can't wait to see this guy go down like the Hindenburg in the primaries.

I mostly vote blue, but not a fan of the current crop of mayors looking to make a run. Hopefully we can find another Goldman hundred millionaire…

 

[RUDiddy777]

Those are outdated figures from the Covid year. Miraculously, while other schools were down 8 figures in football revenues due to Covid, Rutgers witnessed football revenues increase.

The reality is Team Hobbs cheated and included Rutgers University loans in its football revenue figure.

It’s entirely possible there were more fans in 2020 than in Ash’s last year.

 

[RU Cheese]

If he's a JP Steven's grad, based on his accomplishments, he must've been in the bottom ten percent of his class.

 

[Knight177lb]

Those are outdated figures from the Covid year. Miraculously, while other schools were down 8 figures in football revenues due to Covid, Rutgers witnessed football revenues increase.

The reality is Team Hobbs cheated and included Rutgers University loans in its football revenue figure.

In 2021-2022, Big Ten revenue was $679.8 million and $48.6 million per school. Without including anything else like ticket sales, advertising, and naming rights, how did football spend more than $48 million? Do you have a breakdown of the expenses? Schiano's salary is $4 million, the rest of the staff might be another $4 million, tuition, room, and board is approximately $3 million. That leaves $37 million. What expenses for football total more than $37 million?

 

[RUSK97]

This is the norm. It is unlikely whoever is the next gov of NJ will attack Rutgers whenever they can.

 

[Fat Koko]

In 2021-2022, Big Ten revenue was $679.8 million and $48.6 million per school. Without including anything else like ticket sales, advertising, and naming rights, how did football spend more than $48 million? Do you have a breakdown of the expenses? Schiano's salary is $4 million, the rest of the staff might be another $4 million, tuition, room, and board is approximately $3 million. That leaves $37 million. What expenses for football total more than $37 million?

Coaching comp $13.4 million
Administrative comp $6.4 million (Greg has 50+ administrative staff including his son on the football payroll)
Student aid $4.1 million
Facilities $0.6 million
Team travel $2.5 million
Game expenses $3.2 million
Equipment $2.2 million
Miscellaneous $11.9 million (recruiting, severance, marketing, medical expenses, insurance)

Total football operating expenses $43.6 million

Please note the above figures do not include debt service on $70 million of football stadium debt plus $40 million of loans from the Big Ten. This debt service is a real cash cost not offset by revenues. Using a 5% interest rate, that is another $5 million or so, plus a few million more in cash amortization payments.

In addition, the above figures do not reflect the fact that many football expenses, such as football facility maintenance, are paid by the university and aren't on the athletic department's books.

 

[Knight177lb]

Coaching comp $13.4 million
Administrative comp $6.4 million (Greg has 50+ administrative staff including his son on the football payroll)
Student aid $4.1 million
Facilities $0.6 million
Team travel $2.5 million
Game expenses $3.2 million
Equipment $2.2 million
Miscellaneous $11.9 million (recruiting, severance, marketing, medical expenses, insurance)

Total football operating expenses $43.6 million

Please note the above figures do not include debt service on $70 million of football stadium debt plus $40 million of loans from the Big Ten. This debt service is a real cash cost not offset by revenues. Using a 5% interest rate, that is another $5 million or so, plus a few million more in cash amortization payments.

In addition, the above figures do not reflect the fact that many football expenses, such as football facility maintenance, are paid by the university and aren't on the athletic department's books.

Thanks for the detailed expenses. So the Big Ten payout alone pays for football with $5 million left over. I realize this doesn't count the loan payments, but there's ticket sales, advertising, naming rights, and licensing agreements on top of the Big Ten payout as well. Plus, the distribution is only going up.

Big Ten schools will receive the same distribution in 2023-24 as it will this year, roughly $60 million per school. The payout will increase slightly in the second year of the deal before it jumps to roughly $100 million per school, annually, starting in 2025. That's based purely on the media deal and does not include revenue from making the College Football Playoff, bowl games or NCAA Tournament.

 

[AdventureHasAName]

Coaching comp $13.4 million
Administrative comp $6.4 million (Greg has 50+ administrative staff including his son on the football payroll)
Student aid $4.1 million
Facilities $0.6 million
Team travel $2.5 million
Game expenses $3.2 million
Equipment $2.2 million
Miscellaneous $11.9 million (recruiting, severance, marketing, medical expenses, insurance)

Total football operating expenses $43.6 million

Please note the above figures do not include debt service on $70 million of football stadium debt plus $40 million of loans from the Big Ten. This debt service is a real cash cost not offset by revenues. Using a 5% interest rate, that is another $5 million or so, plus a few million more in cash amortization payments.

In addition, the above figures do not reflect the fact that many football expenses, such as football facility maintenance, are paid by the university and aren't on the athletic department's books.

So in a year from now, when we're making 90 million/year from the Big Ten, your stance will be that football is the greatest thing to ever happen to the university, right?

 

[tico brown]

So in a year from now, when we're making 90 million/year from the Big Ten, your stance will be that football is the greatest thing to ever happen to the university, right?

Then it will probably be: Other departments at Rutgers should get some of that $90M since they were sacrificed for Rutgers Football… 🤮

You know NJ dot com is ready to press SEND for THAT article.

 

[mdk01]

Coaching comp $13.4 million
Administrative comp $6.4 million (Greg has 50+ administrative staff including his son on the football payroll)
Student aid $4.1 million
Facilities $0.6 million
Team travel $2.5 million
Game expenses $3.2 million
Equipment $2.2 million
Miscellaneous $11.9 million (recruiting, severance, marketing, medical expenses, insurance)y

Total football operating expenses $43.6 million

Please note the above figures do not include debt service on $70 million of football stadium debt plus $40 million of loans from the Big Ten. This debt service is a real cash cost not offset by revenues. Using a 5% interest rate, that is another $5 million or so, plus a few million more in cash amortization payments.

In addition, the above figures do not reflect the fact that many football expenses, such as football facility maintenance, are paid by the university and aren't on the athletic department's books.

Debt service is a real cash cost not offset by revenues? Why can't ticket sales, not included in the 48.6 be applied to debt service?

What we seem to have on the cost side is 43.6 plus debt service plus facility maintenance.

On the revenue side is 48.6 plus ticket sales plus concessions plus radio contract plus naming rights PLUS donations to the Friends of Football.

I'd say it's quite a stretch to say football does not run a surplus. And it's only going to get better.

 

[Fat Koko]

Debt service is a real cash cost not offset by revenues? Why can't ticket sales, not included in the 48.6 be applied to debt service?

What we seem to have on the cost side is 43.6 plus debt service plus facility maintenance.

On the revenue side is 48.6 plus ticket sales plus concessions plus radio contract plus naming rights PLUS donations to the Friends of Football.

I'd say it's quite a stretch to say football does not run a surplus. And it's only going to get better.

The stadium debt of $70 million was used to add 14,000 seats Rutgers can't fill. The debt was supposed to be paid back using revenue increased ticket sales. The hoped-for revenue from increased ticket sales has failed to appear; the debt still must be paid.

"So in a year from now, when we're making 90 million/year from the Big Ten"

Rutgers athletics should be operating at a small surplus soon if $90 million is flowing into the athletics department next year.

A few questions wait to be answered. 1) What is Rutgers actual payout? $90 million seems optimistic especially as the figure has not been backed up with additional confirmation. I haven't seen the Big Ten media rights contract. Has Hobbs? Has anybody outside the B1G administration? 2) Will Holloway demand a newly profitable athletic department pay back to the university the Big East exit fee the university paid? 3) Will Holloway demand Rutgers athletics pay back the $80+ million the university lent the athletics department to cover operating losses over the past few years?

 

[mdk01]

The stadium debt of $70 million was used to add 14,000 seats Rutgers can't fill. The debt was supposed to be paid back using revenue increased ticket sales. The hoped-for revenue from increased ticket sales has failed to appear; the debt still must be paid.

Those seats can only paid for with revenues derived from those seats? Get serious. And there were a actually some sellouts in 2014. And they will be there for the next 50 years

 

[AdventureHasAName]

"So in a year from now, when we're making 90 million/year from the Big Ten"

Rutgers athletics should be operating at a small surplus soon if $90 million is flowing into the athletics department next year.

I didn't ask you about Rutgers Athletics. I asked you about Rutgers Football.

 

[Knight177lb]

I didn't ask you about Rutgers Athletics. I asked you about Rutgers Football.

That was my point originally. Football makes a profit and has a surplus to help fund the non-revenue sports. So when people like Fulop make comments about how the state is wasting millions on football, he's completely off base. Do athletics run at loss? Yes, but Rutgers is required to field a minimum of six men's sports and 8 woman's sports by the NCAA.

 

[Fat Koko]

The Knight Report and Fulop shot at team mentioned in Mulshine column.

I fired nj.com but the column does not appear to be behind the paywall.

Phil Murphy’s playing political football at Rutgers - and the taxpayers are losing | Mulshine

That strike by faculty and staff at Rutgers put the governor in a tough position; he poses as the friend of organized labor but he hasn't put his money where his mouth is

www.nj.com

 

[tico brown]

The Knight Report and Fulop shot at team mentioned in Mulshine column.

I fired nj.com but the column does not appear to be behind the paywall.

Phil Murphy’s playing political football at Rutgers - and the taxpayers are losing | Mulshine

That strike by faculty and staff at Rutgers put the governor in a tough position; he poses as the friend of organized labor but he hasn't put his money where his mouth is

www.nj.com

Good article that’s actually Pro Rutgers Football, Athletics, and the U itself. And it’s typical that the politicians are complaining about the “Conga Line for Handouts” because it would take away from their cuts.

 

[koleszar]

I disagree. The majority of the state believes that we waste millions on football. The Star Liar pushes that narrative and people start to believe Rutgers football is causing high taxes. Then the hate for Rutgers by its own citizens grows and grows. Now, overall, sports at Rutgers do not turn a profit, but that's true at most schools. However, football more than pays for itself and also goes to help fund non-revenue sports. If people only knew this, we would get far more fan support.

All women's sports lose tons of money, but calling them out would be bad policy. It's like the dirty little secret no one wants to talk about. Point reality out and you've suddenly become a sexist.

 

[RobertG]

 

[IL Lusciato]

Fulop is a freakin' political hack and geek like the rest of them.

What's with the love fest? The guy makes "statements" based on whatever way the political wind is blowing. He's a goldman Sachs yuppie who has presided over development that was already well on it's way.