Rutgers' Athletics Subsidies Jump To $47M During '12-13, Up 68% Year-Over-Year
The Rutgers Univ. athletics department received nearly $47M in "subsidies from the university's allocations fund to make up for a shortfall" in the approximately $79M athletics budget during the '12-13 season, according to Sargeant & Berkowitz of USA TODAY. The subsidy figure represents "an increase of 67.9%" from the $27.9M subsidy the athletics department received in '12 and is "by far the most an NCAA Division I public school athletics program has received in a single year during the nearly 10 years for which USA TODAY Sports has examined spending and revenue data." Rutgers "subsidized 59.5% of the athletics department's total allocations," the "largest percentage" since '05. While the student fees subsidy "increased 3.8% from last year, direct-institutional support more than doubled" from the $18.5M that the university provided in '12. Rutgers since '05 has generated $262.3M in athletics revenue, while the university has "subsidized the program" with $238.6M. Although generated revenue decreased 11% to approximately $32M in '12-13, spending "spiked as the result of a controversy" surrounding former basketball coach Mike Rice (USA TODAY, 2/24).