With an added 11 click gallery of 10 hires for Rutgers. Yeah, those 12 million monthly page views aren't inflated at all.
Subsidy numbers are rarely apples to apples. Our $36mm number that follows us around does not convey a meaningful number, as it is overblown and taken out of context. Subsidies are university-specific calculations, and each university accounts for the numbers differently. Rutgers' accounting is so far behind in doing things more in line with other programs that our number is essentially meaningless. Keep in mind that we are still buying our way out of the AAC (the annual fee escapes me), and it is my understanding that the $6mm annual paydown for the stadium expansion hadn't, at the time the subsidies were reported, been moved off of the Athletics Department's books and onto the Buildings and Grounds books, which is how most universities handle accounting for their facilities upgrades. They do this because they are pro athletics, so shiny things up to make it more palatable to make their athletics (football) competitive.Oh boy, here is the truth, which some people here will dismiss because they refused to accept the truth.
Barchi doesn't hate sports. Deal with it. However when he talks publicly it has to appease many different factions. It's all politics. There are many Faculty and Staff that legit hate sports and think that the money spent on football should be spend on giving them raises. They see the sub as the #1 reason why they are not paid more, have better labs, etc. The sub is not the real reason but that is what the teachers union latch onto during their meetings. The very real fact is that our sub is insanely high compared to ALL OTHER FBS schools is a very real problem. The sub must be reduce, period! It currently is at $36 million a year. It should be closer to what the rest of our Big Ten peers has it. However this can't realistically happen until 2021. I think that everyone understand that. Once the sub is reduce to NORMAL levels. It will be a lot easier to get the BOG to approve one time cost upgrades. One time cost upgrades are much easier to approve and get done than adding a ton of annual cost. For example, $36 million times 6 years is $216 MILLION!
I hope that clears things up a bit for everyone.
RU4Real. If you could provide the article or date when Barchi said this it would be greatly appreciated. If what you say is true, this is appalling! If this is true and Barchi cannot see the athletic and ACADEMIC benefits of being a member of the B1G then he needs his head examined. If true, he has no place in this fine university and should be terminated for cause. Maybe he should be a VP candidate for Ben Carson.
If donors provide the money, then Barchi isn't "spending it".
Obviously large scale donations change the calculus and Barchi has already told Julie that any change is more than happily funded by donations.
We don't have those donors. So... "dat's da name of dat tune", as Baretta used to say.
The article said Barchi is expected to retire in 2016. I don't know where he got that info from.
I don't think you people understand that keeping Flood will cost us more money than hiring a new coach. Barchi understands this.
Basically - "I'm not interested in competing with Ohio State or Michigan, and my only goal is to get athletics to budget neutrality."
As much as we'd like, I don't believe any reasonable person can expect RU to spend close to what OSU or Michigan does. Excluding other sources, just the per game revenue makes that impossible.
and it is my understanding that the $6mm annual paydown for the stadium expansion hadn't, at the time the subsidies were reported, been moved off of the Athletics Department's books and onto the Buildings and Grounds books, which is how most universities handle accounting for their facilities upgrades.
If what you say about Barchi not wanting to be in the B1G is true, then I want him fired and he should not lead MY university. I am the Alumni he is NOT.
As much as we'd like, I don't believe any reasonable person can expect RU to spend close to what OSU or Michigan does. Excluding other sources, just the per game revenue makes that impossible.
This is it exactly. How many times do folks have to read about the "revenue neutral in six years" plans before it sinks in? Barchi talks about it constantly, TP talked about it, it's one of the administration's main talking points about the athletic budget.Why?
You guys aren't getting it - and it's been explained here, before. Barchi has very explicitly said that Rutgers being in the Big 10 was not his decision, it was something he was handed. It would not have been his preference, it's simply the hand he was dealt.
His goal with respect to athletics is one thing and one thing only - reduce the subsidy.
You might not agree with his methods, you might not agree with how he defines and manages opportunity cost, but his methods are, from the perspective of his leadership, perfectly valid.
This is why I (and others) have been saying for years that RU's athletic standing isn't a Flood thing or a Julie thing or even really a Barchi thing. It's where the BOG and the state have put us, more than anything else. Other large universities (PSU, for example) are led by a "win at all costs" culture. We. Are. Not.
If what you say about Barchi not wanting to be in the B1G is true, then I want him fired and he should not lead MY university. I am the Alumni he is NOT.
That's not really what I'm talking about. I mean he's not interested in competing with them, full stop. Whether in budget or on the field. I think he's missing the key concept that being "competitive" is the thing that will drive us to budget neutrality - because competitiveness drives up demand for tickets/merchandise and increases donations.
I don't think he's interested in competing with anyone. His goal is to get athletics to be budget neutral, and that's it. It's not a matter of "we have to spend money to make money"... it's "we have to stop spending money".
He's basically voting not to increase the debt ceiling.
http://www.nj.com/rutgersbasketball/index.ssf/2013/05/trancript_of_robert_barchi_int.html
Do you believe there’s a value in big-time athletics?
As you know, I played sports in college, and I saw great value in it for me. I still see value in it as an activity. In our institution, it occupies a very small population of or students, where at an Ivy League it could be a very large percentage. But it does have an important role to play once you’ve made the decision to go down this path, in terms of institutional reputation, visibility and alumni support and buy-in and all those things. I came to an institution that already had made a decision about D1 athletics. I came to an institution that already made a major financial commitment to doing that. My commitment to the institution is to take that and make sure we have a high-integrity program that focuses as much on academics as it does athletics, and take it to a place where it’s budget neutral. That’s what I said when I came here.
I get the sense that you wouldn’t have gone down that road if it was your choice …
I didn’t say that at all. Please, don’t put words in my mouth. All I’m saying is somebody consciously made that decision, based on facts that I was not involved in. I can’t say what I would have done because I wasn’t there. I don’t have access and I’m not privy to all that went into it.
Urban Meyer makes $4 million a year. Michigan has a $129 million athletic budget. Are you comfortable making that commitment?
I’m comfortable with the business plan that I looked at when we said we were going into the Big Ten, that this approach will make our athletic department budget neutral. That’s what I’m concerned about. It’s not the size of the budget, it’s whether the budget is siphoning dollars off the academic mission. It is now. We’ve been taking $1 million off that number every year.
Movement to the Big Ten is a game changer. It will cost more for what we’ll have to spend on athletics and coaching, but the revenues are so much higher based on what we know today, not 10 years from now, that I can see us moving to budget neutrality in six years. We’re not going to be spending what Ohio State spends. We’re not going to be spending what Michigan spends. But I think we can be competitive in the Big Ten with the business plan we’ve put together, and I think that business plan will get us to budget neutrality in six years.
And how can the faculty hate the B1G entrance when the RESEARCH GRANTS are coming in to us in the MILLIONS OF DOLLARS range when we were getting JACK compared to the past?? I've never seen so many articles about research dollars flowing in to Rutgers than the past 12 months?
This is not about budget neutrality.
This is not about Ohio State and Michigan.
This is about:
Kyle Flood has more players arrested than wins against teams with a winning record.
Kyle Flood has more academic fraud scandals than wins over ranked teams.
Barchi wants to talk about academics and reputation?
Oh, and for the budget tards....
A decrease in attendance will cost RU more than a new coach.
Dino Babers, as one example, gets paid $400,000 a year, and has more B1G wins this year than Flood.
The budget comments are why Rutgers might overlook all of that to *keep* Flood, rather than spend additional money on new coach.
This is not about budget neutrality.
This is not about Ohio State and Michigan.
This is about:
Kyle Flood has more players arrested than wins against teams with a winning record.
Kyle Flood has more academic fraud scandals than wins over ranked teams.
Barchi wants to talk about academics and reputation?
Oh, and for the budget tards....
A decrease in attendance will cost RU more than a new coach.
Dino Babers, as one example, gets paid $400,000 a year, and has more B1G wins this year than Flood.
Looking at the calculations the increase in cost of firing flood and hiring a new coach (if we pay market rate of around $3 mil) is around $2.6 million per year, which actually might be a little low depending on the cost of assistants both hiring new and paying off old) So the question then becomes do we stand to lose 2.6 - 3 million a year retaining Flood?
NIRH,
What do you think the estimated decrease in attendance would be? My estimates are keeping Flood has to cost -3 million.
RU4Real. If you could provide the article or date when Barchi said this it would be greatly appreciated. If what you say is true, this is appalling! If this is true and Barchi cannot see the athletic and ACADEMIC benefits of being a member of the B1G then he needs his head examined. If true, he has no place in this fine university and should be terminated for cause. Maybe he should be a VP candidate for Ben Carson.
Rutgers is only on the hook for $400,000 of Flood's salary? Not sure where you get the $2.6mil from. Regardless, between decreased ticket sales, parking, donations and concessions....I think you hit $2.6 without breaking a sweat. Really, all it would take is one large donor to tighten up the wallet to make the decision a no brainer. I'm sure JH has already done the math. It all boils down to wins really and why I think Flood is gone unless he pulls out some big upsets.
Get the book I linked above. Also, note that I didn't say that it should be on one books or the other, I said it is on many other programs' B&G books. Accounting is radically different between universities. Some athletics department are separately incorporated as non-profits, for instance.Show me where it says that debt service for a football stadium should be on the Bldg and Grounds books, or that that's how other university's report it. That's not my understanding, though I wish that were the case.
The financials don't add up.
Towers has to pay most if not all of Flood's buyout.
If we hired Dino Babers at Flood's salary, it would be an exponent of his current one.
Where is the additional money? Assistant coaches? Let's assume, god forbid, they kept Flood. Rossi at a minimum would have to be fired. So there'd need to be money for that anyway.
Don't you mean the BOGs? Barchi only does what the BOGs wants him to do.Don't keep getting hung up on the buyout. That's not the issue, particularly since Towers is, by all accounts, on the hook for that money.
The real driver with respect to Barchi is "investment" - as in, "there won't be any".
To him, this math is simple:
RU Athletics takes a subsidy from the University of x
The current salaries for football are y/x
A new coaching staff would be more like (2y)/x
This is not permitted.
Here, just go straight to the source. Most up to date data available on every school in the country. Report through 6/30/15http://sports.usatoday.com/ncaa/finances/
Here is a link to the NCAA finances as reported on USA Today. They still have us listed in the AAC so I'm assuming that the numbers are from the 2013 season which would be the last year in the AAC and that matches this article: http://www.dailytargum.com/article/...s-loses-more-than-36-million-last-fiscal-year
I would suspect that given the increased attendance numbers for the B1G plus increased B1G money ($10,000,000 reported by Barchi vs. $5 or so from the AAC) that this year and last year should see a marked improvement in the revenue picture.
I believe Barchi has said that he is really only here to make sure the medical school merger gets completed successfully. He was looking to retire from Thomas Jefferson, I think, but was intrigued by the Rutgers opportunity specifically because of the medical school element.
Why is it a rebuilding year? Flood has had four years to make his mark on the program and instead people are making excuses for him .