Sorry if this has been shared and I missed it. This is a pay article from 9/5/2021. ( $1.00 for 6 mo access), but worth it. Prints to 20+ pages. How Rutgers Athletics Quietly Racked Up $265M in Debt
Basically points to borrowing from university funds and calling it revenue, borrowing tens of millions from B1G ( Maryland has also), recent scandals/buyouts of former coaches/administrators, lack of success and related lack of ticket sales/donations, covid year woes and huge spending projects to play big boy FB. RU says unable to produce copy of contact w/ B1G as well as non-disclosure agreements w/ the conference.
With NIL and stipends, not sure if non-blue blood programs realize what the cost will be to sit at the table going forward.
Basically points to borrowing from university funds and calling it revenue, borrowing tens of millions from B1G ( Maryland has also), recent scandals/buyouts of former coaches/administrators, lack of success and related lack of ticket sales/donations, covid year woes and huge spending projects to play big boy FB. RU says unable to produce copy of contact w/ B1G as well as non-disclosure agreements w/ the conference.
With NIL and stipends, not sure if non-blue blood programs realize what the cost will be to sit at the table going forward.
