The KEY statement is" that is on a par with other Div I schools" .Not much positive since Aditi left.Really liked her stuff about RU.
---------The article is mostly bullshit.
This is broad statement and I am pretty sure, for Rutgers, this is not accurate. but the way it is written makes it seem that this is the case.
"A survey by the Atlanta Journal-Constitution in 2008 found that more than half of the scholarship students at Rutgers were special admits, as were those at the University of Georgia, the University of Wisconsin, Clemson University, UCLA, Texas A&M University and Louisiana State University."
-----------I didn't bother reading it so forgive me if the article had some redeeming value. But why post this crap here?
The honeymoon is ending. SL had an article on subsidy yesterday. Seems like they are easing back into attack mode. I did love the description of Flood's maneuver as being galactic ally stupid.
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because it is relevant to the program, and articles like this are read by thousands of NJ residents.... we could ignore it, but your neighbor could be reading it and come out thinking worse about our school, and program.
it also seems to be a bit of reverting back to attack mode for the newspapers, after that short honeymoon.... worth noting.
----------I don't disagree with you but all you did was get the Record a few more clicks which gives them incentive to write more bullshit articles about RU. The better strategy is to ignore them. If you don't agree with it bombard them with comments that contain facts favorable to RU.
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no doubt.... and you would think that the article could stay on topic, but no, it lapses into the poor season RU had in football last year, the Flood
suspension....even the individual game results this year in basketball....... what does each of those things have to do with tutoring?
football and basketball players should get as much tutoring they need because they have to sacrifice so much time to the sport..... non athletes have the advantage of more free time......
One of the other things that these articles fail to point out is that in the category of "Direct Institutional Support", so frequently quoted for 2014 as "$36 million", $9 million of that came from the Big 10 conference. Only $26 million came from the state of NJ and the University (the numbers don't match because the "direct institutional support" number is actually much closer to $35 million than $36 million).
Huh? You should never speak of UNC and Rutgers academics for athletes in the same sentence. OK, not that is clear I'm not sure what you're saying?I didn't read the article , but as long as players stay eligible who really cares ? I don't want to see a UNC type scandal here but it doesn't seem to matter in the scheme of things .
I was thinking the same thing. This is where someone else reads this and comes away with the wrong info and spreads it as fact. Btw, does anyone know if donations are included? It seems every time this topic comes up donations inclusion is fuzzy.Huh? Conference distributions aren't part of direct institutional support. Neither are state funds. (Though you could make the argument that since state appropriations make up 17% of Rutgers' budget, then 17% of athletics direct institutional support comes from those state appropriations.)
Huh? Conference distributions aren't part of direct institutional support. Neither are state funds. (Though you could make the argument that since state appropriations make up 17% of Rutgers' budget, then 17% of athletics direct institutional support comes from those state appropriations.)
Additionally, just to give those who might read this some more understanding about what the reported subsidy means (and what it doesn't), if we have, say, 500 athletes on scholarship, and the average tuition for each of these scholarship athletes is $20k/year, that amounts to $10mm/year. This number is included in the reported subsidy, but isn't an actual expense, since it is a reported number akin to an "in kind" gift, for which no money changes hands but a service is rendered. There is additional inventory of desks in each classroom since classes are rarely full, and it costs the university nothing for an additional student-athlete to sit in on a class. The problem with the perception of the reported subsidy is that it appears a check is being written from the university to the athletics department for $36mm, and when the numbers are broken down, the actual subsidy to the athletics department is far less than what it appears. And when that (actual) number is written as a function of overall university budget, Rutgers having one of the highest budgets in the country, it is a relatively small number.The S-L's article on subsidy yesterday neglected to point out that total football expenditures in 2014 were $19M and total football revenues were $21m.
One of the other things that these articles fail to point out is that in the category of "Direct Institutional Support", so frequently quoted for 2014 as "$36 million", $9 million of that came from the Big 10 conference. Only $26 million came from the state of NJ and the University (the numbers don't match because the "direct institutional support" number is actually much closer to $35 million than $36 million).
Right, but as it has been explained to me, and what I've read, it isn't an expense for which money changes hands. The way it could be an expense for which the university loses or spends money is if additional classes are added to accommodate the athletes or if otherwise paying students (e.g., non-athletes) are denied admission to the university to accommodate the student-athletes. The IRS (and apparently, the NCAA) require in-kind gifts to be reported as an expense (or a permitted deduction of income, in the case of the IRS), and that's the confusing part. There are expenses such as, say, new uniforms or team travel, for which money exits the university. Scholarships may have a value of $20k/year assigned to them, but money isn't spent to allow the students in the classroom.Actually, athletic scholarships are reported in the NCAA Financial Report, filed by the school, as an expense.
That number, for Rutgers, was $10,623,500 in 2014.
I imagine the $36k takes into consideration room and board, and perhaps books.Parenthetically, there's an additional way in which Rutgers screws itself with regard to financial reporting.
There is no NCAA guideline which specifically requires a school to report the cost of athletic scholarships as either "in state" or "out of state" (as, indeed, most private colleges and universities don't have such things). Many large, state schools will automatically compute the value of an athlete's full grant-in-aid as "in state".
Rutgers does not. It computes the value of its athletic grants in aid as either "in state" or "out of state" depending upon the origin of the athlete.
The average scholarship amount for the football team, therefore, is reported in 2014 as just over $36,000.
I imagine the $36k takes into consideration room and board, and perhaps books.
Which is my point, since the typical fan doesn't know that such hair-splitting exists vis-a-vis reported subsidies. When the Ledger or Bergen Record reports a $36mm subsidy, most folks assume that it's actual money changing hands, when a large portion is the equivalent of a gift-in-kind. (I know you know this, just putting it out there for others so they have a fuller perspective--which assumes I'm right, of course.)It's the total cost of "full grant in aid", which is very slightly (a couple thousand dollars) less than "total cost of attendance". There are no instructions on the form as the the computational difference between those two things.
As for your prior post, the NCAA doesn't care about such hair-splitting. The reality is that athletic scholarships are a specific expense line item for the athletic department as reported to the NCAA. How the school handles the cost of an athletic scholarship outside of that, for tax purposes or otherwise, is not part of this discussion.
I didn't say that the B1G money was "direct institutional support." In fact, I said quite the opposite of that. What I said is that the 36 million quoted by the media as "subsidy" includes, in reality, two numbers:
Also, you're wrong (see italics).
Direct Institutional Support: $26,001,347 - - Include value of institutional resources for the current operations of intercollegiate athletics, as well as all unrestricted funds allocated to the athletics department by the university (e.g. state funds, tuition, tuition waivers, and transfers). Also inculde Federal Work Study support for student workers employed by athletics. Report actual amounts and do not net with Transfers to Institution (Category 37).
NCAA / Conference Distributions: $9,269,466 - - Include revenue received from bowl games, tournaments and all NCAA distributions. This category includes amounts received for direct participation in or through a sharing agreement with an athletics conference, including shares of conference television agreements.
Right, but as it has been explained to me, and what I've read, it isn't an expense for which money changes hands. The way it could be an expense for which the university loses or spends money is if additional classes are added to accommodate the athletes or if otherwise paying students (e.g., non-athletes) are denied admission to the university to accommodate the student-athletes. The IRS (and apparently, the NCAA) require in-kind gifts to be reported as an expense (or a permitted deduction of income, in the case of the IRS), and that's the confusing part. There are expenses such as, say, new uniforms or team travel, for which money exits the university. Scholarships may have a value of $20k/year assigned to them, but money isn't spent to allow the students in the classroom.
If this is wrong, I'd love to know (lurkers from the RU finance office, this means you!).
This is an important point. There is pretty much zero marginal cost in educating an additional student. So the tuition portion of scholarship money is really just an offset of institutional support. So once the scholarship money is taken into account, many universities see a net gain from Athletics, even if the books show an athletic subsidy.
This is probably true, and other accounting factors, such as facilities upgrades, which some universities keep on the Buildings and Grounds books and others, such as Rutgers (unless we changed it in the last year), keep these expenses on the Athletics Department's books. From what I can tell, most or all athletics departments want to show as little profitability as possible in order to keep the safety net of the university coffers at their disposal, should they ever need them. They don't want to show a loss, either, so the goal for the accountants, from what I've read and what I've guessed, appears to be to show a revenue-neutral bottom line.This is an important point. There is pretty much zero marginal cost in educating an additional student. So the tuition portion of scholarship money is really just an offset of institutional support. So once the scholarship money is taken into account, many universities see a net gain from Athletics, even if the books show an athletic subsidy.
--------------I read the article & found it very informative & quite balanced. I believe this is called journalism & is a function of the press.