You are quite right.
I had the pleasure to meet President Barchi last night at an LA-area alumni function. He highlighted the ongoing efforts to transform Rutgers into a truly great university. Rutgers supports 67,000 students. By comparison, 600 students are engaged in D1 sports. While athletics and achievement are important, it cannot be a key focus of the University at this time. The Athletic Department needs to stand on its own and can only do so through booster support.
Unless there are compelling circumstances, I wouldn't expect any changes for the near future.
Bottom line is that a university president isn't going to say "yeah, we're firing him," to some stranger at an alumni function, unless he/she is hammered, lol, and Barchi isn't McCormick! Otherwise, everything he said to you, is basically what he's been saying all along, so at least he's consistent.
How was the event otherwise?