Sargeant Article, "Playing With the Big Boys"

[hinson32]

I will read the article when I have a chance, in the meantime i am just curious if this quote that numbers posted is accurate:

that’s because Rutgers is expected to receive at least $80 million this year from the Big Ten Conference. Add an additional $20 million in anticipated College Football Playoff revenue starting in 2025, and Schiano’s program is expected to gross roughly $100 million before fans buy a single ticket in the years ahead, practically ensuring profitability, an NJ Advance Media financial analysis found.

if that is an accurate quote, isn't the fact that NJ Advance Media (a/k/a the Star Ledger) is now acknowledging future profitability a fundamental change in how they usually present the issue and a validation of what many of us have been saying for years?

Profitability for football yes, athletics will still run a deficit.

 

[Fat Koko]

Well done article detailing the Rutgers football program from a financial perspective, looking at income and expense streams (and how we're now profitable) and how the overall program has been assembled like a modest-sized corporation. Lots of discussion on future facilities too. Worth a read.

https://www.nj.com/rutgers/2024/04/playing-with-the-big-boys.html

That’s because Rutgers is expected to receive at least $80 million this year from the Big Ten Conference. Add an additional $20 million in anticipated College Football Playoff revenue starting in 2025, and Schiano’s program is expected to gross roughly $100 million before fans buy a single ticket in the years ahead, practically ensuring profitability, an NJ Advance Media financial analysis found.

Rutgers took in $44.1 in media right payments last year. That is written in the sport department's financial report, audited by KPMG and certified by Holloway. This is a fact.

Reporters say $80 to $100 million. Big miss.

Interestingly, Rutgers sports boosters didn't notice a $35 million loss in the department's latest accounts.

 

[hinson32]

Rutgers took in $44.1 in media right payments last year. That is written in the sport department's financial report, audited by KPMG and certified by Holloway. This is a fact.

Reporters say $80 to $100 million. Big miss.

Interestingly, Rutgers sports boosters didn't notice a $35 million loss in the department's latest accounts.

Last year vs. next year is a different thing.

 

[Fat Koko]

Last year vs. next year is a different thing.

Rutgers budget says $35 million loss with full share

 

[Fat Koko]

Rutgers budget says $35 million loss with full share

Rutgers athletics losing more $ next year than this year. Despite ‘full share’ it is in the budget, a fact.

 

[G- RUnit]

Exactly. And there is Gannett NJ, Asbury Park Press etc. Chris Iseman and Carino do good work on Rutgers coverage without all of the backanded sleights and drama.

Carino does good work but a bit of a snake. See Schiano hire. Never will forget him mocking RU fans for supporting Schiano when he thought no way was Greg getting hired.

When he was hired next day, he was awfully quiet.

 

[hinson32]

Rutgers budget says $35 million loss with full share

Football or athletics?

 

[hinson32]

Rutgers athletics losing more $ next year than this year. Despite ‘full share’ it is in the budget, a fact.

https://www.nj.com/rutgers/2024/04/playing-with-the-big-boys.html

 

[Fat Koko]

Football or athletics?

The $35 million loss is New Brunswick athletics in 2024, written in Rutgers University documents.

 

[hinson32]

The $35 million loss is New Brunswick athletics in 2024, written in Rutgers University documents.

Ok, so Football makes money. That is my original premise. Go protest for RU to drop crew and tennis. Leave football alone. That makes $$$$

 

[Fat Koko]

https://www.nj.com/rutgers/2024/04/playing-with-the-big-boys.html

Rutgers football earns a small profit, based on numbers that allocate a large majority of media rights revenue to football. Nowhere near $100 million shown in the headline. More like low 7 figures.

 

[Zak57]

They are saying gross revenue not profit. Rutgers football should have the majority of media rights revenue allocated to them because you know why.

 

[hinson32]

Rutgers football earns a small profit, based on numbers that allocate a large majority of media rights revenue to football. Nowhere near $100 million shown in the headline. More like low 7 figures.

Headline says $100mm in revenue. That is accurate

 

[koleszar]

The $35 million loss is New Brunswick athletics in 2024, written in Rutgers University documents.

June 7th is accounting day. It's when B1G payouts happened. So, it's 2023-24 on June 7th. Next fiscal year starts on June 8th. It does not run like the Fed. The article is stating numbers for next year, not this current year. Don't forget Rutgers is fully vested but still paying back loans until 2027 that they took out during the 6 yr. buy in and also an internal University loan at 5.65%. UCLA and USC will pay nothing for entrance.

 

[Fat Koko]

Headline says $100mm in revenue. That is accurate

Please confirm the $100 million.

 

[Knight Shift]

I counted it personally. It's all there.

 

[GoodOl'Rutgers]

If it was free to read all of you would read it. Since it’s pay to read you all just bash it. Lol

Baloney.. the print version was offered free regularly while the paper tried to artificially inflate its circulation numbers in order to charge advertisers more and many here refused that offer. It is not about money.. it is about their history.

 

[Arizona Knight]

Rutgers football earns a small profit, based on numbers that allocate a large majority of media rights revenue to football. Nowhere near $100 million shown in the headline. More like low 7 figures.

In other words, football makes money.