Rutgers has corporate sponsors. Multinational tech firm SHI, based a few miles from campus, pays for
stadium naming rights. Multinational, multibillion sandwich maker Jersey Mike's pays for
arena naming rights. The SHI and Jersey Mike's deals each provide tens of millions to Rutgers athletics. Prudential, a New Jersey-based Fortune 100 company, is
funding Rutgers NIL.
Rutgers will not have a whale. New Jersey sports whales - Wilf, Johnson, Tepper - buy NFL teams.
The NYT Athletic article states facts from audited financial reports certified by university leaders.
Let me add a few points.
Rutgers football coaching staff is not the 4th highest paid. The Athletic figure is for the top 11 football coaches, an NCAA distinction. The amount excludes the dozens of support staff, including the Schiano family members on the payroll as assistant coaches. Rutgers football's coaching staff is more than double the headcount of national champion Indiana's coaching staff. Including full coaching staff compensation, Rutgers is the 2nd highest compensated in the B1G, behind Ohio State. In fiscal 2025, Rutgers paid its coaches $6 million more than Penn State.
The Athletic report features a table of Rutgers athletics financial performance. One might notice an oddity in the 2015 and 2016 figures: The revenues and expenses were exactly the same. How can that be? Pat Hobbs
fudged the numbers, as I pointed out in 2023 along with many other Hobbs irregularities. Hobbs was caught red handed - and the BoG promptly
awarded Pat a raise and contract extension. He should have been fired on the spot.