$70,000,000

[The SHUttle]

That's this past year's price tag to us NJ residents for RU Athletics, which has a banner year with absolutely no embarrassments in competition nor in management.

Rutgers’ athletics deficit topped $70M again in 2023-24. But it still wasn’t a record.

Rutgers spent an all-time record to support its athletics teams during the 2023-24 school year.

www.nj.com

 

[ivyhillparkk1963]

Outrageous

 

[TomD82]

With a full share of B1G media revenue from their new deal and the CFP money they might be able to wipe that out. The conference just earned $50 million this year from CFP.

 

[CaptBob]

It's going to be several more years before they get a full share--they borrowed against it 2 or 3 years ago.

 

[radecicco]

RU has been borrowing against their share for years.

 

[Hall91]

When the “Super League” for College Football happens, Rutgers better hope they can figure out a way into it. Just a matter of when, not if. You think Ohio State wants to split that $ with the weak sisters of the B1G?

 

[hallgrad80]

A classic example of the advantage a state supported school has over private institutions.

 

[CL82]

How is that even possible when the Big Ten pays them $58.7 million a year?

 

[hallgrad80]

How is that even possible when the Big Ten pays them $58.7 million a year?

82
What is the state subsidy UConn receives for athletics in Conn.

 

[Pirate Russ]

Someone will have to help me.....so if they are losing money, how can they then justify allocating 20.5M to athletes? How is that sustainable?

I would love to know the how the other programs are doing financially. We saw what they spent, so it would be interesting to see how much they made. Maryland is losing money too, but it is much smaller loss than Rutgers.

 

[The Crows Nest]

Someone will have to help me.....so if they are losing money, how can they then justify allocating 20.5M to athletes? How is that sustainable?

I would love to know the how the other programs are doing financially. We saw what they spent, so it would be interesting to see how much they made. Maryland is losing money too, but it is much smaller loss than Rutgers.

It just means that you and I are paying Rutgers players salaries thru our tax dollars.

Good to know...

 

[hallgrad80]

All I know is the money the state is spending on RU athletics could be better spent on improving our infrastructure like repairing our streets and eliminating the potholes that are everywhere.

 

[SHUSource]

The burden of subsidizing Rutgers on the typical New Jersey taxpayer is really quite light. The real burden is on enrolled students (or whomever pays their tuition, room, and board), who have their pockets picked in increasingly startling amounts to pay for all of this. Those who would opt for a Rutgers education are footing this bill for nothing.

 

[PiratePride]

Do the funds that Rutgers receives from state taxpayers go towards NIL payments to players? How DO they fund NIL?

 

[NYShoreGuy]

All I know is the money the state is spending on RU athletics could be better spent on improving our infrastructure like repairing our streets and eliminating the potholes that are everywhere.

You have that with increased gas tax

 

[MooneyHall07]

The burden of subsidizing Rutgers on the typical New Jersey taxpayer is really quite light. The real burden is on enrolled students (or whomever pays their tuition, room, and board), who have their pockets picked in increasingly startling amounts to pay for all of this. Those who would opt for a Rutgers education are footing this bill for nothing.

Yes. And students just paid for the 2023 RU Strike and increased salaries for adjuncts with a 4% increase in tuition/fees last year and 6% two years ago. It's never the institution that pays, it's always the students.

 

[SHU_Pirate1]

All I know is the money the state is spending on RU athletics could be better spent on improving our infrastructure like repairing our streets and eliminating the potholes that are everywhere.

They’re raising tolls and gas taxes for that unfortunately 😕

 

[SHU_Pirate1]

Galls me that my tax dollars are going to this horse sh*#! Talk about taxation without representation 😡

 

[SHUHoopsFan]

Damn I was betting that was how much Ohio State spent on their offensive line.

 

[CL82]

82
What is the state subsidy UConn receives for athletics in Conn.

$30M give or take.

 

[CL82]

Yes. And students just paid for the 2023 RU Strike and increased salaries for adjuncts with a 4% increase in tuition/fees last year and 6% two years ago. It's never the institution that pays, it's always the students.

Except if it's a public institution, then the cost is split between students and taxpayers.

 

[hallgrad80]

$30M give or take.

Thanks for the info.