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Where's the money?

R

RU-Choppin-Ohio

Heisman
Jul 31, 2011
32,978
37,755
113
Jordan buyout is $2 million, Staff buyout ? I have no idea, maybe $500k, $300K.....zero ?

Any coach coming in will demand at least $2 million or more, plus, a BIG increase in the money allocated for a coaching staff, higher recruiting budget and probably lots of other increased budget items.

By, the way, Football Coach Ash makes $2 million. Would Rutgers pay a basketball coach the same or more than the football coach? I doubt it.

The R Build Fund is for facilities, not for changing a coach..... so, where's the money if the priority is to fund facility improvement? Anyone on this board send Hobbs a check for a buyout and a new coach ?
 
R

ruman

All-American
Nov 30, 2001
12,433
9,058
98
RU-Choppin-Ohio said:
Jordan buyout is $2 million, Staff buyout ? I have no idea, maybe $500k, $300K.....zero ?

Any coach coming in will demand at least $2 million or more, plus, a BIG increase in the money allocated for a coaching staff, higher recruiting budget and probably lots of other increased budget items.

By, the way, Football Coach Ash makes $2 million. Would Rutgers pay a basketball coach the same or more than the football coach? I doubt it.

The R Build Fund is for facilities, not for changing a coach..... so, where's the money if the priority is to fund facility improvement? Anyone on this board send Hobbs a check for a buyout and a new coach ?
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That's why Pat Hobbs is here - don't worry your little head - he's got this
 
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R

RU-Choppin-Ohio

Heisman
Jul 31, 2011
32,978
37,755
113
Greene Rice FIG said:
the tree is out back by the baseball field.
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FIG, I know you have mentioned the money issue in the past....it's a big issue. Any new coach will demand a lot....probably, immediate locker room improvement, weight room improvements, media improvement, academic support improvements.....a long list.
 
R

ru8081

All-Conference
Feb 5, 2003
2,458
1,417
113
Where is the money to keep him. I am talking about lost ticket sales etc. Don't think the B1G brass is not looking into this.
 
S

SAE96

All-Conference
Feb 4, 2003
4,844
3,462
73
RU-Choppin-Ohio said:
On the Rutgers money tree?

As much as change may be needed, anyone thinking money is not an issue is in la la land.
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I actually think it's the opposite.

It was the last refuge of the Flood supporters, so I assume it will be used in similar fashion by the handful of EJ supporters.
 
R

RUsojo

Heisman
Dec 17, 2010
29,406
28,548
113
bac2therac said:
there is always money.
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We all know better.

This is where the one more year debate really matters. If money is found to shell out the 5M necessary is will probably be one or two man job from people who have not committed to making contributions as such as of yet.
 
S

superfan01

All-American
May 29, 2003
8,780
8,003
0
Everyone said there was no money to fire flood and upgrade staff. Yet the money was there in the end.

There is money.
 
S

Section114

Junior
Jan 13, 2012
876
274
0
It will take a 6 year 14.25mm contract commitment from RU. It will be tied to B1G money rolling in.

year: 1: $1.75mm
Year 2: $2 mm
Year 3: $2.25 mm
Year 4: $2.5mm
Year 5: $2.75 mm
Year 6: $ 3.0 mm
 
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M

megadrone

Senior
Jul 10, 2003
24,128
894
56
SAE96 said:
I actually think it's the opposite.

It was the last refuge of the Flood supporters, so I assume it will be used in similar fashion by the handful of EJ supporters.
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Well it's a new day, Barchi seems to be supporting athletics more than he has in the past, and there was money...for football. Basketball has been the red-headed stepchild here for years, and I won't believe that's changing until I see it. Not only in terminating Jordan, but the replacement must be someone worth replacing and buying out Jordan for.

it's been decades of neglect in basketball. Call me jaded but I'll believe it when I see it.
 
R

RU-Choppin-Ohio

Heisman
Jul 31, 2011
32,978
37,755
113
Section114 said:
It will take a 6 year 14.25mm contract commitment from RU. It will be tied to B1G money rolling in.

year: 1: $1.75mm
Year 2: $2 mm
Year 3: $2.25 mm
Year 4: $2.5mm
Year 5: $2.75 mm
Year 6: $ 3.0 mm
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You think Rutgers will pay a BBALL coach about the same or slightly less than the football coach?
 
U

Underdogs88

Senior
Sep 14, 2010
648
520
0
A new coach will lead to an increase in ticket sales. The increase in ticket sales will lead to an increase in concession sales. Men's basketball is already in the black. The increase in sales will pay for a new coach. If we don't hire a new coach, ticket sales will drop and we will be in the red.
 
R

RUsojo

Heisman
Dec 17, 2010
29,406
28,548
113
Underdogs88 said:
A new coach will lead to an increase in ticket sales. The increase in ticket sales will lead to an increase in concession sales. Men's basketball is already in the black. The increase in sales will pay for a new coach. If we don't hire a new coach, ticket sales will drop and we will be in the red.
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There is no evidence ticket sales will increase with a new coach. Ticket sales have been in a general decline for the last ten years. Only a extremely big name could increase ticket sales. We cannot attract said name at this time.
 
G

Greene Rice FIG

Heisman
Dec 30, 2005
40,437
23,613
0
superfan01 said:
Lot more money now then when fhj was there.

If ru wants to do it they can find the money.
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No. We are losing (relying on instiutional support) more now. We still have the interest on the big stadium expansion bond over our head that now looks a bit more problematic based on our performance.

Yes we have B1G revenue coming down the road, but I'll bet it might be partially or entirely accounted for already.
 
G

Greene Rice FIG

Heisman
Dec 30, 2005
40,437
23,613
0
Underdogs88 said:
A new coach will lead to an increase in ticket sales. The increase in ticket sales will lead to an increase in concession sales. Men's basketball is already in the black. The increase in sales will pay for a new coach. If we don't hire a new coach, ticket sales will drop and we will be in the red.
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Didn't work with Eddie Jordan.
 
N

NightKnight

All-Conference
Jul 21, 2008
3,208
1,610
68
I don't think any of the staff has guaranteed contracts. $2mil. Sooner or later we'd have to pay it anyway ...unless you think Eddie will retire as RU basketball coach or ditch us for a better job. Nope. The time is now and the cost is $2mil.
 
R

ruman

All-American
Nov 30, 2001
12,433
9,058
98
RUsojo said:
There is no evidence ticket sales will increase with a new coach. Ticket sales have been in a general decline for the last ten years. Only a extremely big name could increase ticket sales. We cannot attract said name at this time.
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Maybe we can try the strategy of winning a few games. That may help sales
 
Upstream

Upstream

Heisman
Jul 31, 2001
35,284
10,251
113
S_Janowski said:
Um no. Hobbs may be the guy to find the money, but the money has never been there in the past.l especially when it comes to basketball.
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The money was always there. It is just in the past our ADs have made the choice to not spend it on basketball

Rutgers has a total budget of $3.8 Billion. Rutgers Athletics gets about $70 Million of that. We are talking about spending a couple of million extra on Jordan's buyout and the incremental cost of the next coach.

Let's put it in terms of your household budget. Let's say you make $200,000 per year. So that is your household budget (comparable to the $3.8 billion Rutgers annual budget). You've allocated $3700 to spend on your summer vacation (comparable to Rutgers Athletics budget). A week's stay in the Hyatt Regency will cost you a total of $105 more than a week in the Super 8. With a household budget of $200,000 and a vacation budget of $3700, you aren't asking where the extra $105 will come from to stay in the Hyatt. You may choose to stay in the Super 8 anyway, but you certainly aren't being forced to by budgetary constraints.
 
U

Underdogs88

Senior
Sep 14, 2010
648
520
0
RUsojo said:
There is no evidence ticket sales will increase with a new coach. Ticket sales have been in a general decline for the last ten years. Only a extremely big name could increase ticket sales. We cannot attract said name at this time.
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We just need to attract a coach that makes us competitive again. Make this team competitive and the Rac will be rocking like it was during the Waters era.
 
S

S_Janowski

Heisman
May 24, 2009
13,905
26,498
113
superfan01 said:
Everyone said there was no money to fire flood and upgrade staff. Yet the money was there in the end.

There is money.
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In the end are the key words. When Barchi came to his senses and realized it was time to go start acting like we were in the BIG10, instead of just saying it.

There was no money to be found the year before when JH failed/botched the firing of Flood the year before. So to say the money has always been there is incorrect.
 
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