Hey VISITORS here from other Big Ten schools.
We all get it.. Rutgers had to pay a price for entry. We ALL get that.. and we were happy to do so.
My problem is the price we are paying was not set in stone. Delany was very crafty and, as usual, Rutgers people took whatever was offered when they could have negotiated.
Don't misunderstand me there.. the price should have been high.. higher than Nebraska paid. I have not calculated how much revenue Nebraska did not share in.. aka.. the price they paid.. but it will be FAR LESS than what Rutgers ends up paying.
[EDIT: just looked up Nebraska's payment to the Big Ten.. I think it will have been around $60M..
taking $10M less than a full share for 6 years.. that's a rough calculation]
The problem from my perspective is that Rutgers agreed to accept distribution payments on a schedule instead of accepting a set fee for entry and having the calculation be based on revenue NOT shared our way.
Do you get that?
Suppose the fee was $100M. the deal could have been Rutgers gets $10M less than everyone else for 10 years. Or $20M less for 5 years.. whatever.. it would be a firm number as the COST of entry.
But what happened is that Rutgers agreed to receive a slowing increasing payment.. probably based on what revenues were expected at the time Rutgers joined in 2014.
Rutgers joining and helping deliver what amounts to the 5th largest media market in the nation including a good share of the expensive NYC media market.. helped INCREASE the value of the Big Ten and BTN's media rights. That is not something Nebraska or Maryland could deliver.. not something any Big Ten team can deliver.. though Penn State does have some impact there.
I believe I did a rough calculation where Rutgers will end up having "PAID" about $140M to join the Big Ten and will have missed out on a share of the increased revenues that Rutgers joining helped deliver.
So.. did any of your Big Ten visitors here realize that Rutgers was "paying" more than twice what Nebraska paid to join? while delivering a huge media market? Even if Rutgers only delivers a third of its media market it is multiples of Nebraska's media market.
Great deal for all the other Big Ten teams.. BAD DEAL for Rutgers.. until 2021. But its our fault. I think a set figure of $100M entry fee would have been acceptable to the Big Ten universities. If we agreed to a plan based on that, then we'd be cheering every new deal that comes along that increases the payouts.. because we'd be benefiting from the INCREASED value of the BIG TEN media rights and right now we are not.. not much anyway.
And we really really really need that money.