I can't disagree with anything you said here. Wrestlers are notoriously Blue Collar and can do without many of the amenities some other sports have. That being said practicing in the basement of the 85 year old gym is not exactly ideal either.
Scholarship wise, Rutgers is Fully Funded so that is not an issue. Rutgers in the next couple years, if everything keeps going the way it does, can become revenue neutral or even positive. To thing that only 10 years ago this program was not fully funded, and had issues keeping talet home is amazing. The Athletics Department sees the potential in this with the 1200+ Season Ticket holder base, and the recent addition of Wrestling into Priority Points Structure could also boost season ticket sales as their are many crossover fans.
In terms of revenue, Wrestling is only running about $500,000 deficit according to a NJ.com article I read, which is 5th behind only Football and Basketball which are revenue neutral or in the black, and the 2 Golf Programs who have smaller budgets, but when combined have a larger total Deficit.
My estimated guess is as the season ticket base grows and the team continues to bring in homegrown talent, Rutgers will get that Iowa effect and State Pride in Wrestling ( One of NJ's Premier High School Sports).
I would love to see the average attendance at the RAC top 3300 a match (last Season was 2874).