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I guess it's like the stories you hear of people winning the lottery.How the **** has ISU ran a surplus on net with the comparably paltry Big 12 TV money while Arkansas and Rutgers have been cashing massive SEC and Big Ten checks yet are infinitely deep in the red?
How the **** has ISU ran a surplus on net with the comparably paltry Big 12 TV money while Arkansas and Rutgers have been cashing massive SEC and Big Ten checks yet are infinitely deep in the red?
Its called spending.How the **** has ISU ran a surplus on net with the comparably paltry Big 12 TV money while Arkansas and Rutgers have been cashing massive SEC and Big Ten checks yet are infinitely deep in the red?
I guess it's like the stories you hear of people winning the lottery.
Well run athletic departments will plan/budget very conservatively. That way they don't get into situations like Rutgers. And since Pollard was a licensed CPA, his natural instinct is to be very conservative. That's why some projects at ISU have been put on hold for the time being
Trying to be great in too many sports that's the issue. This is what happens when you offer that many sports and try to invest in all of them. If they just picked 3 or 4 to focus on, they'd be ok.
Its called spending.
There have got to be some finance wizards on here that play chess. What is the true penalty of the debt? Who is going to absorb the losses? Is there litigation in the future? Is there solvency in the future? What happens upon solvency? Is there insurance for nefarious financing? It just seems that so many institutions are playing with such huge debt relative to their balance sheet gains. Most of which just doesn't make sense to me. Unless a lot of it is funny money being played with by someone who is getting rich with little to no liability for making poor decisions. That, of course, happens at the highest levels already.I guess it's like the stories you hear of people winning the lottery.
Well run athletic departments will plan/budget very conservatively. That way they don't get into situations like Rutgers. And since Pollard was a licensed CPA, his natural instinct is to be very conservative. That's why some projects at ISU have been put on hold for the time being
$46M in coaching/support salariesOn what exactly are they blowing money on compared to Iowa St.?
It can't be all football and men's basketball coaches' salaries, right? Iowa St. has made some very serious and expensive facilities upgrades in the past 30 years, too, and NIL is a recent "thing" and I think these financial holes have been building up for Arkansas and Buttgers for decades+ not just a few years.
I know Pollard gives peanuts to sports that aren't FB, MBB, and to a lesser extent WBB and wrestling, but are the Razorbacks really bankrupting themselves trying to compete in women's tennis?
On what exactly are they blowing money on compared to Iowa St.?
It can't be all football and men's basketball coaches' salaries, right? Iowa St. has made some very serious and expensive facilities upgrades in the past 30 years, too, and NIL is a recent "thing" and I think these financial holes have been building up for Arkansas and Buttgers for decades+ not just a few years.
I know Pollard gives peanuts to sports that aren't FB, MBB, and to a lesser extent WBB and wrestling, but are the Razorbacks really bankrupting themselves trying to compete in women's tennis?
I think another part of it is that there are a lot of schools in the SEC and Big 10 that simply aren't in the same league of fan support and external finances as the true big dogs.
Because the Ohio States, Texases, Michigans, and Indiana's of the world have big time outside boosters paying their roster costs, they can invest the big TV checks into Olympic sports, facilities, etc. If you're a Rutgers, Arkansas, Iowa, whomever, you don't have that extra money and are basically playing on an uneven field with your conference mates that leads to misguided attempts at keeping up with the Joneses. The schools who got grandfathered into these biggest payout leagues (as opposed to getting their via their own merits) are kind of in trouble too, unless they get a mega-rich booster to float their roster budget.
Ok, Ohio State and Rutgers have the same financial resources. Iowa's the same as Ohio State. I'm the one who's wishcasting here.
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Rutgers would be no different than Indiana in this regard and honestly you could lump most big ten schools into that category.I think another part of it is that there are a lot of schools in the SEC and Big 10 that simply aren't in the same league of fan support and external finances as the true big dogs.
Because the Ohio States, Texases, Michigans, and Indiana's of the world have big time outside boosters paying their roster costs, they can invest the big TV checks into Olympic sports, facilities, etc. If you're a Rutgers, Arkansas, Iowa, whomever, you don't have that extra money and are basically playing on an uneven field with your conference mates that leads to misguided attempts at keeping up with the Joneses. The schools who got grandfathered into these biggest payout leagues (as opposed to getting their via their own merits) are kind of in trouble too, unless they get a mega-rich booster to float their roster budget.
Also they kinda took out a loan against their big ten review or with the conference for awhile, no idea how that plays in.Since joining the Big 10 their expenditures increased $120 million a year. TV revenue only covers half of that.
Ticket sales in football are flat at $9 million, despite improving somewhat their football product.
And the deficit doesn’t include spending on the house settlement.
No way that’s sustainable, unless the state government likes to throw good money after bad.
One common characteristic among very monied people is they don't believe in just willingly p*ssing their money away. If there are potential big dollar donors associated with Rutgers it doesn't surprise me at all that they have zero interest in giving to an athletic department as f*cked up and mismanaged as theirs seems to be.Also they kinda took out a loan against their big ten review or with the conference for awhile, no idea how that plays in.
To your point, that’s without rev share which is kinda insane
Depends on new money vs old money a bit but typically they don’t want to support a loser unless they have an own the team kinda situation going onOne common characteristic among very monied people is they don't believe in just willingly p*ssing their money away. If there are potential big dollar donors associated with Rutgers it doesn't surprise me at all that they have zero interest in giving to an athletic department as f*cked up and mismanaged as theirs seems to be.
Rutgers doesn't have a Mark Cuban. It's very different than Indiana.Rutgers would be no different than Indiana in this regard and honestly you could lump most big ten schools into that category.
The issue with Rutgers is that all their rebuke programs have been awful for such a long time you can’t get the support for a bad product.
Indiana only got support when they started winning.