Obsolete in what sense? We're no longer raising any private $? Haven't heard or seen that anywhere. Got a link?
A tiny bit tangential, but... who couldn't have predicted this?
I said, as soon as the program started begging donors for NIL contributions, that this was not an endlessly large pie. For years we've been asked to pony up for facilities. Now we're being asked to pony up for facilities and NIL.
Donation dollars are very predictably finite. Absent some sort of major sugar daddy benefactor, programs like Rutgers are NOT going to get sufficient donor funds to cover both their NIL needs and their facilities needs. Especially when the returns are essentially average.