When does Rutgers receive a full share of Big Ten revenues
- Thread starter rimsky
- Start date
RU joined the B1G on 7/1/2014. At the time we agreed to a six year phase-in. That phase-in period ended on 6/30/2020. So from an accounting standpoint, we are now receiving full share.
Subsequent to our entrance date, the B1G agreed to grant us an advance which is being repaid through 2026.
So are we getting our "fair share"? IMO the answer is clearly yes. We are getting what we contractually agreed to. When you borrow money, it's only fair that you repay it, no?
This is a hot button issue on this board, so I expect to hear competing viewpoints.
OT B1G Revenue Schedule
anyone have the schedule of revenue we will be getting from the B1G?
rutgers.forums.rivals.com
Don’t you read this board ? No one here has to borrow money . We are rich and only have the best.
Normally, this topic is posted every 3 months. This one is only 1 and 1/2 from the last time.
Exactly matches the screen save I made last time this was officially posted..I would have been this year, but we borrowed against it. Here's the schedule:
Total TV revenue, ticket sales, merchandise and parking, advertising, and bowl game revenue for UConn Football is currently $1,478.61 .
Anyone have any idea where we stand in total sports revenue generated vs. our peers in the B1G? Once the loan is repaid and our shares are equal, where do we rank when you include ticket sales, merchandising, naming rights, donations etc? That will be the true marker for the program. While getting a full share in 2027 once the loan is repaid is great, how far will we be behind in total revenue generated? I am guessing we will still be at a disadvantage against the majority of the other schools in the B1g east.
Still paltry compared to the 43 million we will take in. How does that compare with their old AAC $$$?
This was our original Big Ten distribution based on what we were getting from the AAC:
If you borrow it early, you have more money early than you would have had
Maybe we needed it early.
knowing RU I would not be shocked if they borrow again which pushes the full share timetable further out
I thought so as well. Should have just sucked it up for a few more years. Athletics was already catching tons of flak from the Media and Professors, then even with the loans that didn't change. Take the flak and blame the B1G for not giving you a full share. Barchi screwed that one up in his only quest for athletics, reduce spending.
We kept firing coaches and ADs that had to be paid. Rutgers going cheap after Schiano left cost them big $$ in the long run. Flood and Ash decimated the football fan base.
Flood was hired because the administration dictated to the Athletic Department that they couldn't spend more than $1 mil for a coach. And god knows how minuscule the assistant coaches' salary pool was. He made mistakes which hurt the program, but the real damage was done by Ash. I still shake my head at his hiring of Wonder Boy.
GS also left because of the future budget constraints which he was told about months before leaving.
He was also not happy about the fact that the field house was cut out of the 2007-2008 expansion.
Bear in mind that RU would have otherwise been receiving $10,000,000 per year for 2018-2020.
I think taking advances (especially assuming negligible interest rate) was prudent. Remember, every dollar loaned to support RU was one less dollar available to be distributed to everyone else in the conference. As was mentioned, we had to pay out several head coaching contracts during this period. We also suffered thru lower attendance after the initial thrill of the B1G wore off and we were getting blown out on the regular.
Even after we get a full share, we will be far behind the Ohio State's and Michigan's of the world. More in the neighborhood of Maryland, Michigan State, and Indiana and that is alright. Being competitive in the B1G East in football will bring in record revenues for attendance, donations, apparel, sponsorships, etc. RAC has been sold out with Pike's success. All of our sports trending upward.
Admittance to the B1G was the biggest positive financial event in RU athletic history. Full stop. People who complain about timing of cash flows and unfairness are misguided. Like getting a huge raise and complaining about paying more tax.
Even after we get a full share, we will be far behind the Ohio State's and Michigan's of the world. More in the neighborhood of Maryland, Michigan State, and Indiana and that is alright. Being competitive in the B1G East in football will bring in record revenues for attendance, donations, apparel, sponsorships, etc. RAC has been sold out with Pike's success. All of our sports trending upward.
Admittance to the B1G was the biggest positive financial event in RU athletic history. Full stop. People who complain about timing of cash flows and unfairness are misguided. Like getting a huge raise and complaining about paying more tax.
