Rutgers losing big bucs đź’°

I spotted a guy attending Sunday service last year who was wearing a polo embroidered with the Rutgers "R". I flagged him down just to chat as a fellow east coaster and Big10 brethren, plus my father grew up in New Brunswick. He and his wife were scouting the area for retirement. When talking about the Big10, he said that schools like PSU have people like Pegula helping to make things work, whereas Rutgers is not as fortunate. I asked about his school having J&J, Merck, and probably 30% of corporate global headquarters all within thirty miles of campus. He had no answers. IMHO, Rutgers needs to get out into the neighborhood and start knocking on doors. That new AD looks like a bureaucrat, so it probably won't happen.
 
Frank Lee said:
I spotted a guy attending Sunday service last year who was wearing a polo embroidered with the Rutgers "R". I flagged him down just to chat as a fellow east coaster and Big10 brethren, plus my father grew up in New Brunswick. He and his wife were scouting the area for retirement. When talking about the Big10, he said that schools like PSU have people like Pegula helping to make things work, whereas Rutgers is not as fortunate. I asked about his school having J&J, Merck, and probably 30% of corporate global headquarters all within thirty miles of campus. He had no answers. IMHO, Rutgers needs to get out into the neighborhood and start knocking on doors. That new AD looks like a bureaucrat, so it probably won't happen.
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It's hard to get people to throw good money after bad.
Success begets success. If Rutgers was able to pull off a Curt Cignetti, they'd likely have more $$ coming their way than Indiana did from Mark Cuban. Indiana is the most losing team in CFB history. If the Indy AD went to Cuban and said, "we have a $78M deficit, would you write a check?" the answer would almost certainly be NO, but Cuban was fully willing to throw millions to help Indy be competitive.
 
NittanyLion99 said:
It's hard to get people to throw good money after bad.
Success begets success. If Rutgers was able to pull off a Curt Cignetti, they'd likely have more $$ coming their way than Indiana did from Mark Cuban. Indiana is the most losing team in CFB history. If the Indy AD went to Cuban and said, "we have a $78M deficit, would you write a check?" the answer would almost certainly be NO, but Cuban was fully willing to throw millions to help Indy be competitive.
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Agree but I think there are two mitigating issues here that have not been disclosed. First, what sports are causing the deficit? Obviously, that informs the point of how the school can choose to close the deficit. They might have to shut down some sports. Secondly, there are soft dollars here. Sports are a great way to build brand. And that leads to a ton of kids paying way too much money to attend.

Case in point:

Miami University, The U, 13,000 undergrad students, 6,600 graduate students, Endowment of $1.6B

Miami of Ohio, 16,500 undergrad students, 2,000 post grads, endowment of $800m

One, Almost every person in America has heard of. The other is a regional school that 50% of Americans never heard of.

University of Buffalo has over 33,000 students. Buffalo, Kent, Ohio U, and Ball State are all larger universities than the U.
 
Sheriff Coffee said:
Agree but I think there are two mitigating issues here that have not been disclosed. First, what sports are causing the deficit? Obviously, that informs the point of how the school can choose to close the deficit. They might have to shut down some sports. Secondly, there are soft dollars here. Sports are a great way to build brand. And that leads to a ton of kids paying way too much money to attend.

Case in point:

Miami University, The U, 13,000 undergrad students, 6,600 graduate students, Endowment of $1.6B

Miami of Ohio, 16,500 undergrad students, 2,000 post grads, endowment of $800m

One, Almost every person in America has heard of. The other is a regional school that 50% of Americans never heard of.

University of Buffalo has over 33,000 students. Buffalo, Kent, Ohio U, and Ball State are all larger universities than the U.
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I agree about sports being a draw that raises reputation and increases demand.
I saw this at PSU. I got into UP as a freshman in 1994. After the '94 football season, applications skyrocketed. My sister, applied in 96 and had a slightly better academic resume and she got offered summer at UP or a Branch campus.

That said, this would still be Rutgers asking people to write 6/7 figure checks on a promise and hope. It's like a VC investment, but you only get a tax write off. It's a tougher sell for Rutgers to ask for money at the place they are, then Indy had this year after they showed what Cignetti could do with a bunch of JMU guys.
 
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My understanding is that they did not get a full share of the BIG money for a number of years after joining. They then took loans from the BIG against the full share they would be receiving down the road. If this is accurate, it seems like a risky plan, and the risk is now being realized. So they either find a way to cut costs or to increase revenue. I do not know how they could possibly increase revenue so they will need to cut costs.
 
Nemo said:
My understanding is that they did not get a full share of the BIG money for a number of years after joining. They then took loans from the BIG against the full share they would be receiving down the road. If this is accurate, it seems like a risky plan, and the risk is now being realized. So they either find a way to cut costs or to increase revenue. I do not know how they could possibly increase revenue so they will need to cut costs.
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I believe you are correct on the reduced early shares. Don’t remember how many years it was supposed to be. Or by how much.
 
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