Rutgers athletics spending reached an all-time high of $118 million in 2020-21. Direct university subsidies more than doubled, to nearly $28 million.
Author: Abbott Koloff and Jean Rimbach, NorthJersey.com
Rutgers got $30M from Big Ten last year. After COVID testing, debt payment, what was left?
Rutgers’ conference revenue of $30 million in 2020-21 reflected a $4 million deduction for COVID testing and $6 million to start a loan repayment.
‘Takes your breath away’: NJ Gov. calls Rutgers athletics’ financial woes ‘concerning’
Rutgers’ debt includes loans from the university and Big Ten to cover years of annual athletics department operating shortfalls of up to $73 million.