#1
#1 out of 1562.0 est. views
sports1d ago
Rutgers football broke program record in spending for 4th straight year in 2024. Here’s how much.
Nj.com and 1 more
- Rutgers’ football operations reached a program-wide high in spending for 2024-25, signaling a strategic priority despite a 7-6 season and ongoing challenges in college athletics finance.
- Schiano’s compensation surged to 6.25 million in 2024-25, reflecting a major driver of overall costs and a contract extension enacted in 2023.
- Even with larger revenues from conference payouts, Rutgers posted a $48.6 million program deficit in 2024, underscoring a broader cost-print mismatch.
- Travel costs rose to a record $4.5 million in 2024, contributing to the overall expense growth for the program.
- Seven home games in 2024 marked Rutgers’ most at SHI Stadium since 2015, highlighting a robust on-field schedule linked to higher hosting costs and attendance activity.
- Ticket sales remained flat at about $9.24 million in 2024, signaling limited revenue growth despite an expanded game slate.
- Fringe benefits are a dominant cost driver, with a reported fringe rate around 72.9%, reflecting state-level funding dynamics.
- Athletic leadership commits to reviewing spending for efficiency and growth, signaling a strategic push to align expenditures with returns.
- Rutgers projects further spending growth into 2026, illustrating a continuing trajectory toward higher capital outlays and facility investments.
- Premium seating investments are being explored as a long-term revenue strategy to offset rising costs.
- The new reference highlights Rutgers’ sizable deficit in a Big Ten context, connecting football spending to broader athletic losses since joining the conference.
Vote 1