Rutgers Surpasses $100M In Athletic Spending For First Time
Rutgers spent a "record total" of $102.5M on athletics during the '17-18 school year in an effort to "compete in the Big Ten across its 22-team athletics program," according to Keith Sargeant of the Newark STAR-LEDGER. That figure is an "increase from a then-record" $99.2M spent in '16-17. Rutgers for '17-18 reported a $29.98M shortfall that was made up by $15.18M in "support for the university’s operating budget," $11.89M in student fees and $2.9M in "direct state or government support." The school's report also lists $12.7M in the “other operating revenue’’ column. The $15,182,234 in "direct institutional support" from '17-18 is down from $21,320,750 in '16-17 (Newark STAR-LEDGER, 4/19). In New Jersey, Steve Berkowitz notes the reduction in direct institutional support occurred as Rutgers got a $9.1M "increase in its revenue share from the Big Ten, which grew" to $25.2M. However, even with the "money from the general fund" and an additional $11.9M in "revenue from student fees, the athletics department reported having an annual operating deficit" of $1.8M (ASBURY PARK PRESS, 4/19).