NIL message from GS.

[JayDogSmooth]

Yes there was.

How so? I just provided the facts of New Jersey being the 13th state for college football recruiting, and that’s assuming me actually kept the majority of the talented kids in state

then we got some other kids from the tri-state as well as some kids from Florida - do you really think that was gonna be enough to overtake some of the big boys and join the upper echelon on the sport?

 

[WhoRU?]

What exactly is a university endowment fund used for?

It’s not like tuition doesn’t continually increase at all schools.

First, not all university donations are the same: donations to the "annual fund" are spent each year and endowed funds are not. When you get postcard in the mail from the alumni association or get a phone call to give $20/month -- it's usually for the annual fund which supports yearly operating expenses. If you want your contribution going to the endowment, you need to specify it when you give the funds.

The whole point of an endowment is to never spend the principal and live off the interest. These are back of the envelope numbers... If an endowment earns 10% interest per year and inflation is 3-4%, then you can spend 5% per year and have the funds grow faster than inflation. If you spend 4%, then the endowment grows even faster. If the economy tanks (like now, when inflation dramatically increases and/or the market doesn't return 8-9%) then you are SOL. Endowed funds are sometimes given for specific purposes like scholarships (academic or athletic), annual lectures, or even faculty positions. Unrestricted donations can be used to support university operations, but again we're only spending interest on the endowment, not the principal.

Points of reference -- at Duke for $1.5 million, you can endow a visiting professorship. An endowed assistant or associate professorship is $2 million. An endowed professorship is $3.5 million. So basically, Duke can pay an endowed professor $175,000 from a $3.5 million gift and the principal should grow enough to keep up with inflation over time.

These numbers are from google but they should be close...

Rutgers endowment: $1.98 billion
Rutgers annual budget: $5.1 billion

Other endowments...
Harvard: $53.2 billion
B1G: Michigan ($17 billion), Northwestern ($16.1 billion), Ohio State ($6.8 billion), Indiana University ($3.3 billion).
SEC: Texas A&M ($18 billion), Georgia ($1.3 billion), Alabama ($1.09 billion), Ole Miss ($775 million)

Here's the thing, none of these funds can be used for NIL. Unlike university donations, NIL deals go directly to the athletes (who must pay tax on the income) and the donor doesn't get a tax deduction. University fundraising is now competing with the NIL deals. Greg knows how much he's going to need in NIL deals to keep our team in place, but the more we direct to the collective, the less there is to build the new indoor practice facility. It's a strange new world. Adapt or perish.

 

[GoodOl'Rutgers]

GS further confirmed we won’t even be able to keep our best players.
They will be bought off early In their careers as outstanding players shine and stick out the day they step on the field.
For the, it’s always been this way crowd, you’re delusional

Could see that coming a mile away. Some schools will be able to offer early play time.. and when stars shine, the big money/name programs will just buy them for future years.. unloading their dead weight.. the players who did not work out who they bought out of HS.

 

[Knight Shift]

I am just going by attendance and how full the stadium is.

We are in a down period.
Forget which person pointed this out, but NIL is not going to dramatically change who gets the top recruits. The top 10 or so teams will continue to flourish and fight it out for the top talent. The teams like Rutgers, Indiana, Maryland, Purdue, etc. will continue to fight it out for some 4 star talent and higher-rated 3 star talent. Perhaps if our peer schools get better NIL collectives going, things could go south for Rutgers.

 

[Scarlet83]

What is this "we"? I thought NIL was completely separate from the schools?

The collective “We”.

 

[rucoe89]

I get the sense reading between the lines on his comments the last couple days, schiano is very worried.

I think he is quite concerned. As are many schools that are historically not blue bloods.

 

[AdventureHasAName]

How so? I just provided the facts of New Jersey being the 13th state for college football recruiting, and that’s assuming me actually kept the majority of the talented kids in state

Because we're the only local Power 5 option. If you live in NJ or NYC and you want to stay home and play Power 5 football, Rutgers is your only option. We have the 13th largest recruiting area (it's actually much larger when you consider NYC) entirely to ourselves.

On the other hand, take a city like Houston (the #1 recruiting area in the #1 recruiting state) ... in-state in the Power 5, the University of Texas is competing against Texas A&M, Baylor, Texas Tech, TCU and now the University of Houston.

then we got some other kids from the tri-state as well as some kids from Florida - do you really think that was gonna be enough to overtake some of the big boys and join the upper echelon on the sport?

Yes, definitely. For decades, Big Ten schools in the Top 10 have been populated with NJ high school football players.

 

[rucoe89]

I can't see college football surviving this way for long. This is why they're going to need players unions. Do you think the o line guys in the trenches will be happy to see an 18 year old QB make 7 figures while they get tuition and room and board? There are too many competing interests, too many left out, too much confusion, too much resentment.

Given all the competing interests out there, this seems quite logical. Also, can help enable more to benefit and participate rather than few, which would be particularly problematic if some schools decide they just can't keep up with the TAMUs.

 

[e5fdny]

I’m not conveniently omitting anything, but a team full of two and three stars is not going to consistently win big As you don’t win with the Ex’s & Oh’s, yoi win with the Jimmy’s and the Joe’s.

what you just said is magnifying my point, as we need money to compete.

For the record, no one thought 2006 was going to happen before the season, so arbitrarily saying 15 years later that that team would’ve been decimated before the season bc of $$ because is purely speculative

After 2006 season you would have a point, but after 2005 nobody thought we would be ranked as high as we were

While true, those guys weren’t really 2 or 3 stars on the field. Certainly didn’t play like it.

Which is the point.

 

[Scarlet83]

I would assume the players were paid to show up to the meeting the other night.

That is NIL money the players couldn’t previously receive.

Yes. All 4 athletes at Tuesday’s KTR event are receiving NIL.

 

[sct1111]

That's the point
NIL was going on before it was legal

Our celling was limited under the old structure
Under the new one, possibilities exist where we can actually compete w/the big boys

Will we ever catch them? Or eclipse them?
Most likely not - but at least now we have a shot

Lol, no we can't. Unless we got some billionaire alumns/fans who want to pay for the best players it's not going to happen.

 

[JayDogSmooth]

Lol, no we can't. Unless we got some billionaire alumns/fans who want to pay for the best players it's not going to happen.

So we were competing w then before?
NIL gives us a shot
Before NIL, it wasn’t happening

 

[sct1111]

So we were competing w then before?
NIL gives us a shot
Before NIL, it wasn’t happening

With Schiano round 1 and last few recruiting cycles we were getting a handful of 4 stars. Now a wealthier fan base can just offer more money. Hence our zero 4 stars this cycle.

 

[Scarlet83]

We’ve gone back and forth on this multiple times

I’ve provided multiple ideas, you keep rehashing old things that haven’t worked

It remains to be seen if it’ll all pan out. What I know is that under the previous rules, we had no shot of ever catching up

At least with these new rules, it gives us a fighting chance

I’d like to add that there is a chance that NIL and especially the pay to play NIL changes going forward. Too many coaches and ADs are complaining about it and asking for limits/structure/reform. So Knights of The Raritan is the way for Rutgers to bridge the gap until the reform/limits are here, hopefully in a year or two at the most. Fingers crossed.

 

[RUbacker]

lol, shocking that if remains completely unregulated will ruin college sports. who could have seen this coming? what could POSSIBLY go wrong when you are allowed to hand over a check for $100k and say "transfer here and show up on my podcast once and we are all set"

This is up there with the brilliant idea to defund the police ….everyone knows it won’t work out well . Add the unregulated transfer portal to the list of stupid ideas.

 

[JayDogSmooth]

With Schiano round 1 and last few recruiting cycles we were getting a handful of 4 stars. Now a wealthier fan base can just offer more money. Hence our zero 4 stars this cycle.

A handful of four stars will not win you championships.

If you were trying to get the top, you win with fours and fives, not two and threes is with the occasional four star sprinkled in

GS round one was when we were in the depleted Big East.

With GS round two, the sledding is much more difficult in the Big Ten

 

[Knight Shift]

A handful of four stars will not win you championships.

If you were trying to get the top, you win with fours and fives, not two and threes is with the occasional four star sprinkled in

GS round one was when we were in the depleted Big East.

With GS round two, the sledding is much more difficult in the Big Ten

I got news for you. Rutgers football is not going to win championships any time in the near future. Set your sights lower. For a team that was the dregs of college football for most of its history, don't understand the thought/need to "win championships." Sure, it's a great goal, and sounds nice, but is it realistic? Not anytime soon.

 

[JayDogSmooth]

I got news for you. Rutgers football is not going to win championships any time in the near future. Set your sights lower. For a team that was the dregs of college football for most of its history, don't understand the thought/need to "win championships." Sure, it's a great goal, and sounds nice, but is it realistic? Not anytime soon.

Most likely that’s correct
But what was Oregon before Phil knight
What was Florida before Ben Hill Griffin
What was fsu pre Bobby Bowden?

Gun to my head, I do not think Rutgers will ever be at or near the top of college football. Not emphazing college athletics and a lack of financial commitment is a hard thing to overcome

But we were never getting there under the old way of doing things. Under NIL, there is at least a fighting chance. Whether or not we get there remains to be seen

 

[sct1111]

A handful of four stars will not win you championships.

If you were trying to get the top, you win with fours and fives, not two and threes is with the occasional four star sprinkled in

GS round one was when we were in the depleted Big East.

With GS round two, the sledding is much more difficult in the Big Ten

Yeah but you can get to winning records with meaningful bowl games.

With all 2 and 3 stars and players that breakout being poached by the highest bidder that isn't going to happen.

 

[e5fdny]

A handful of four stars will not win you championships.

If you were trying to get the top, you win with fours and fives, not two and threes is with the occasional four star sprinkled in

GS round one was when we were in the depleted Big East.

With GS round two, the sledding is much more difficult in the Big Ten

But until now a little fairer with respect to the bowls.

 

[JayDogSmooth]

Yeah but you can get to winning records with meaningful bowl games.

With all 2 and 3 stars and players that breakout being poached by the highest bidder that isn't going to happen.

That’s why we need money.
That’s what GS is hyping an NIL
That’s why KOR was formed.

Money rules at the day in college football now and moving forward, if we don’t step up we will absolutely fall further behind and be relegated to consistent *** kickings us by the big programs w less bowl game appearances

 

[e5fdny]

Yeah but you can get to winning records with meaningful bowl games.

With all 2 and 3 stars and players that breakout being poached by the highest bidder that isn't going to happen.

Which was my point before.

We could get to the NYD game because the B1G has more than one and likes to move schools around.

 

[Greene Rice FIG]

We are in a down period.
Forget which person pointed this out, but NIL is not going to dramatically change who gets the top recruits. The top 10 or so teams will continue to flourish and fight it out for the top talent. The teams like Rutgers, Indiana, Maryland, Purdue, etc. will continue to fight it out for some 4 star talent and higher-rated 3 star talent. Perhaps if our peer schools get better NIL collectives going, things could go south for Rutgers.

Agree with this sentiment. The QB that gets $5,000,000 to play at a top school isn't going to impact us. It is the bottom 90% that matters.

In 2025 what % of starting players have a NIL deal. How many programs/fanbases have bought in? Have there been many big name donors making impacts at non traditional power schools?

 

[pmvon]

Change it, everything changes

It’s donor intent. In order to change it they would need to go to every donor who gave money and say hey we know you wanted this to support scholarships or a professors chair but we would like you to let us spend it on whatever we want or you can designate it to pay an 18 year old kid who already getting a free scholarship 100k a year. Lol.

 

[WhoRU?]

It’s donor intent. In order to change it they would need to go to every donor who gave money and say hey we know you wanted this to support scholarships or a professors chair but we would like you to let us spend it on whatever we want or you can designate it to pay an 18 year old kid who already getting a free scholarship 100k a year. Lol.

University funds can’t be used for NIL payments to players.

 

[Proud NJ Sports Fan]

I’m not liking this new NIL system across college athletics

 

[RedTeamUpstream94]

personally, I am totally shocked that this whole NIL thing has gone off the rails so quickly. shocked I tell you.

 

[RUBlackout7]

Looks like Schiano got tired of having his nuts kicked in this recruiting cycle.

He’s right, priority is NIL. He wants to win now, not 5 years from now when a field house *might* help attract recruits.

Time to sign up folks. $10 a month is very feasible.

 

[JayDogSmooth]

Looks like Schiano got tired of having his nuts kicked in this recruiting cycle.

He’s right, priority is NIL. He wants to win now, not 5 years from now when a field house *might* help attract recruits.

Time to sign up folks. $10 a month is very feasible.

His quip about NIL = Now It’s Legal rings true on so many levels

I’m signed up and excited to see what the future brings

 

[RU#1fan]

TD Club meeting was electric last night. As was the KTR event on Tuesday night. I was already all -in with NIL, but these 2 events made me increase $$ I'm giving

NIL is real
It's legit
It's not going away
And quite frankly, it's long overdue IMO

Very excited to see what the future holds

We all need to step up and increase our donations.

 

[RUforester72]

Just signed up.

 

[JayDogSmooth]

We all need to step up and increase our donations.

That is paramount if we want to compete

 

[RU#1fan]

University funds can’t be used for NIL payments to players.

exactly. Donations are pivotal for this. As is money $$$ from private businesses for the Players commercial endorsements {which I thought was the original intent of NIL }. If Hobbs or Marco can rally support from the numerous mega companies in the NY/NJ Metro market the NIL fund could be huge.

 

[KT8813]

I can't see college football surviving this way for long. This is why they're going to need players unions. Do you think the o line guys in the trenches will be happy to see an 18 year old QB make 7 figures while they get tuition and room and board? There are too many competing interests, too many left out, too much confusion, too much resentment.

There we go let's get a couple more unions in NJ. No chance of any corruption there.

 

[Greene Rice FIG]

University funds can’t be used for NIL payments to players.

Will schools be able to give seat and parking priority based on donations to TKR-like entities.

Can schools outsource the allocation of season tickets to outside entities

 

[WhoRU?]

Will schools be able to give seat and parking priority based on donations to TKR-like entities.

Can schools outsource the allocation of season tickets to outside entities

I'd rather see the collective come up with new ways of earning revenue rather than taking existing resources from the athletic department.

 

[AdventureHasAName]

Looks like Schiano got tired of having his nuts kicked in this recruiting cycle.

He’s right, priority is NIL. He wants to win now, not 5 years from now when a field house *might* help attract recruits.

Time to sign up folks. $10 a month is very feasible.

Everyone you've ever met, who has ever attended Rutgers, could sign up at $10 and you wouldn't be able to buy one recruit. $10/month donations aren't going to cut it - you need a handful of million-dollar-a-year donations.

 

[kapyoche]

This is plain BS. Schools need to create a company and sell parts of it to private equity firms or go pubic.
This has to be turned into an investment and GS & Co. needs to go out and pitch this company.
We have a bad football team and bad businessmen. That is a recipe for disaster.

 

[TommyGunn_rivals157283]

If you build it they will come is so outdated.
If you pay them with the money you fans give them, they will come.
I’m sure all this inflation, food and gas prices, cost of education and struggling economy has had no effect on you, so give up the green $$$$

You forgot to add living in a state that already taxes you to death. Pretty sure that may have an impact

 

[JayDogSmooth]

Everyone you've ever met, who has ever attended Rutgers, could sign up at $10 and you wouldn't be able to buy one recruit. $10/month donations aren't going to cut it - you need a handful of million-dollar-a-year donations.

500k living alumni
5 percent @ 10/month = 250k x 12 = 3 mil

I don’t understand the we can’t do this attitude coupled w the zero ideas how to improve things / figure it out / think outside the box / take a chance / try something new/ make things better mentality

What’s the point of being a fan? Going to games? Reading the message board?

Truly baffling to me