RU still paying back loan money though, correct??
yes, we do that forever 😀RU still paying back loan money though, correct??
RU still paying back loan money though, correct??
Yep when you break it down:Well we are doing far better than any of our Big East conference mates.
It's really a snapshot in time. Two years ago you could have said that RU is an irrelevant program in the B10. But yes we are lucky to be in the best conference in the country and that has its benefitsYep when you break it down:
BC: Irrelevant and will be G5 once ACC dies
Cuse: Irrelevant and will be G5 once ACC dies
UConn: Flaming bag of shit and homeless as a G5 school
VT: Meh/average program in ACC
Miami: Meh/average program in ACC
WVU: Above average program in Big 12
Louisville: Above average program in ACC
Cincy: Taking their lumps in early Big 12 era
Pitt: Meh program in ACC
Temple: Irrelevant program in AAC
Only schools in the old Big East besides RU that are doing well IMO are WVU and Louisville as of now. Cincy had their moments in AAC but they're going through the ringer in Big 12 right now. Outside of that, varying degrees of unadulterated dog crap to mediocrity for the old BE schools.
Well we are doing far better than any of our Big East conference mates.
Funny how with most programs, coaching is the key (Pitt, VT, BC, Cuse, even Temple was winning during the Addazio and Rhule years, us with Schiano). Miami perhaps had a change of philosophy and de-emphasized athletics during Shalala's tenure? Or is it a case of coaching there?Yep when you break it down:
BC: Irrelevant and will be G5 once ACC dies
Cuse: Irrelevant and will be G5 once ACC dies
UConn: Flaming bag of shit and homeless as a G5 school
VT: Meh/average program in ACC
Miami: Meh/average program in ACC
WVU: Above average program in Big 12
Louisville: Above average program in ACC
Cincy: Taking their lumps in early Big 12 era
Pitt: Meh program in ACC
Temple: Irrelevant program in AAC
Only schools in the old Big East besides RU that are doing well IMO are WVU and Louisville as of now. Cincy had their moments in AAC but they're going through the ringer in Big 12 right now. Outside of that, varying degrees of unadulterated dog crap to mediocrity for the old BE schools.
Do we know if the 58.8M is all inclusive? or are we giving back 5-10M back per year and we only made 49-54M this past year.
Just the idea that weDo we know if the 58.8M is all inclusive? or are we giving back 5-10M back per year and we only made 49-54M this past year.
RU still paying back loan money though, correct??
I think we are done in 2027. Not certain. But each year our cut is growing immensely. The difference between our payouts vs the OG’s is getting much smaller with each year (compared to the massive difference at the beginning)
Just the idea that we
"Only made 49-54M" would have been a freaking wet dream just a few years ago
Well we are doing far better than any of our Big East conference mates.
This was from at least 5 years ago, so the numbers are obviously now higher. But for the 2027 fiscal year (which I believe starts in 2026 - anyone know?) the loan will be paid off and we'll get the full amount.
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Yes fiscal years are the year of the fiscal-year-end-date.This was from at least 5 years ago, so the numbers are obviously now higher. But for the 2027 fiscal year (which I believe starts in 2026 - anyone know?) the loan will be paid off and we'll get the full amount.
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I'm sure everyone here takes some satisfaction in that. Syracuse, BC & Pitt left the Big East to die and probably thought something like Rutgers is just going to die on vine a slow death in the AAC. Then we land in the BIG and now the ACC is looking like a dead man walking. Sometimes Karma just works out.
At some point, when UCLA, USC, UW and Ducks were added, there was a news item that Rutgers/Patt Hobbs were going to work on renegotiating the payback amount/schedule. Not sure how that went.This was from at least 5 years ago, so the numbers are obviously now higher. But for the 2027 fiscal year (which I believe starts in 2026 - anyone know?) the loan will be paid off and we'll get the full amount.
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So, two more years as the financial year runs somewhere around June 7th as the start and end date. Still burns me a little that UCLA and USC get in Scott free. UCLA especially, they're in worse financial shape than we were and needed this conference even more.This was from at least 5 years ago, so the numbers are obviously now higher. But for the 2027 fiscal year (which I believe starts in 2026 - anyone know?) the loan will be paid off and we'll get the full amount.
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They told the Red headed stepchild to go sit back in the corner.At some point, when UCLA, USC, UW and Ducks were added, there was a news item that Rutgers/Patt Hobbs were going to work on renegotiating the payback amount/schedule. Not sure how that went.
Rutgers is Morrie:They told the Red headed stepchild to go sit back in the corner.
Still burns me a little that UCLA and USC get in Scott free.
The thing I find curious is the gap here is less than 2 million, but the table post 16 has a 9 million dollar difference for 2023, that estimated back in 2018The moneys associated with the 2025 Fall to Spring 2026 year will be announced until Spring of 2027 by the conference. Not sure when the money changes hands.
We just found out a few months ago that the B10 dispersed 60.5M per school for the 2022-2023 fiscal year which ended June 30th 2023. Rutgers and Maryland got 58.8M
Yep when you break it down:
BC: Irrelevant and will be G5 once ACC dies
Cuse: Irrelevant and will be G5 once ACC dies
UConn: Flaming bag of shit and homeless as a G5 school
VT: Meh/average program in ACC
Miami: Meh/average program in ACC
WVU: Above average program in Big 12
Louisville: Above average program in ACC
Cincy: Taking their lumps in early Big 12 era
Pitt: Meh program in ACC
Temple: Irrelevant program in AAC
Only schools in the old Big East besides RU that are doing well IMO are WVU and Louisville as of now. Cincy had their moments in AAC but they're going through the ringer in Big 12 right now. Outside of that, varying degrees of unadulterated dog crap to mediocrity for the old BE schools.
Underrated postIt includes parking. But, it's still a cash bar.
And some fans continually misunderstood that we kept borrowing money, and thought the big ten was underpaying usIn 2012, Rutgers announced it would join the B1G in 2014.
The initial deal stated Rutgers and Maryland would receive lower payouts than long-time B1G schools for the first six years of membership. Then, in 2020, Rutgers and Maryland would receive payouts equal to other B1G schools.
However, Rutgers' athletic department continued to bleed cash. In 2018, the athletic department borrowed $14 million from the conference.
In 2019, another $13 million was borrowed. In addition, the conference advanced the athletic department $3 million.
Then, in 2020, guess what happened? Hobbs again begged the conference for money, this time borrowing $11 million and accepting a $7 million advance.
The $3 million and $7 million advances were paid back; $6 million in 2021 and $4 million in 2022.
The $38 million in loans will be paid off in 2026.
In 2027, Rutgers should receive the same conference distribution as other B1G schools, except Oregon and Washington who will receive a half share media rights distribution through 2030, when the current media deal expires.
Could Rutgers turn to the conference for loans or advances in the next several years? I doubt it. After borrowing from the conference to fund operating losses from 2018 to 2020, Hobbs more recently has instead turned to Holloway for help and Hobbs has received it. Rutgers athletics dominates the B1G in university subsidies.
I suspect that maybe we are then turning around and paying some back to the B10 for loans.The thing I find curious is the gap here is less than 2 million, but the table post 16 has a 9 million dollar difference for 2023, that estimated back in 2018
I can see revenue higher or less than when this table was made, but if what you say is true here, we are just about full revenue
And it's FINALLY showing. Just in time for NIL. Also appears that the athletic department has a coherent understanding of the NIL mechanics.I suspect that maybe we are then turning around and paying some back to the B10 for loans.
I mean we were getting paid Big East money initially ..... In 2018 the Big12, ACC, Pac12 all made between 29-35M. We got 24M per above.
I believe our first year 2014 we got 9M...... the Big12 had 23M plus 3rd tier the same year.
We couldn't even pay our coaches or go for a Big12 level coach.
FINALLY, we can now act like a B10 School.