NIL message from GS.

[Knight Shift]

Are those players going to stay for four years with that NIL money if we pay them and they excel or do they take the money and run to a better program as soon as the offer appears? Because I expect it's the latter. And I'm not interested in paying a mercenary to improve his game here and then move on.

I think I could learn to live with old transfer rules and NIL or new transfer rules and no NIL. Just not both.

Raises an interesting issue. Hypothetically, the P5 conferences (forget the NCAA, they're useless) could agree to transfer rules. However, could see the players crying foul and saying you can't limit their "right" to maximize their income. Coaches don't have these restrictions! It's a wild new world.

 

[Knight Shift]

Good news. How good?

 

[RUtrumpet92_rivals498139]

So many ways to get there.

Yeah. Real simple to pledge 1200 more annually per season ticket holder. It is easy to spend other people's money, right?

 

[Knight Shift]

Yeah. Real simple to pledge 1200 more annually per season ticket holder. It is easy to spend other people's money, right?

It's an example. And it is not an unreasonable one. Nobody is spending anyone else's money. Our fans are really cheap. And some are angry too when the football team does not win. Maybe instead of complaining about it (negative energy), maybe open the wallet to do something positive about it.

 

[NBKnight]

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.

Well done.

 

[Knight Shift]

We have some great fans. Always gloom and doom for them.

 

[RW90]

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.



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

Unfortunately, with NIL $$$ you can easily fly the family out to your games.

 

[RW90]

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

Between WVU and Louisville, the BE was no slouch in 2006.

 

[RUBlackout7]

So many ways to get there.

Love it. Let’s get it done.

 

[KevH]

Ultimately the universities are to blame for creating a weak head office and never cementing conferences in place like leagues everywhere else. The end result is an unpredictable landscape that is leaving many universities, with tens of millions in bonds for stadiums and other structures, in a precarious financial position, looking at conditions very different from the ones when they committed to those bonds. USC and UCLA jump the PAC 12 after decades and suddenly the other 10 teams are in a degraded position. NIL comes in and everyone is scrambling, with little lead time, to find yet more money. It won't stop until the libertarian structure of college sports is ended.

Sooooo... the "Rutgers 1000" will get the last laugh.

 

[Scarlet83]

Unless the court is willing to revisit the issue NIL is here to say and the NCAA can't limit a player's right to cash in on their NIL rights. The NCAA and the schools do have the power to fix the Transfer Portal if they have the will, but since it does benefit the elite programs as currently configured, I doubt much gets changed, maybe impose a couple of windows, but that is about it.

Possibly. But using NIL money to recruit is illegal. Tampering with athletes already enrolled at another college is illegal.

I never said NIL is going away. What I am saying is these regulations can be enforced, just like Coach after Coach are asking. The Wild West crap can be ended.

 

[brgRC90]

As much as I would like to win and as much as I know that winning football teams bring in other benefits to the university, at some point I'd have to say give the money to the RU Cancer research fund instead of the football team. Millions for salaries is fine for a profit-making venture like the NFL but not for

Sooooo... the "Rutgers 1000" will get the last laugh.

If they do the athletic types are to blame. It's not the Rutgers 1000 that's been caught cheating or covering up crimes or deliberately made weak rules that they can easily skirt. It would be in their interest, actually, to have a strong head office with strong enforcement of rules, to save them from themselves.

 

[JMORC2003]

it sucks that I can’t just be a fan, wear a RU t shirt, go to the games and expect a reasonably competitive team year in and year out. Now I have all this extra home work.

 

[AZBlues]

It's an example. And it is not an unreasonable one. Nobody is spending anyone else's money. Our fans are really cheap. And some are angry too when the football team does not win. Maybe instead of complaining about it (negative energy), maybe open the wallet to do something positive about it.

I can't speak for anyone else, but I don't view it as doing something positive if I have to pay to hire teenage mercenaries who'll only play on my school's team because they can obtain more cash than from fans and boosters of other schools (and not because they really want to play for Rutgers or get an education at Rutgers)... Players who require being paid big money to want to wear the R on their helmets will be a little harder for me to be a devoted fan of. To each their own though.

And maybe I'm an idealist, but sometimes it's refreshing to know that the greedy rich fat cats of the world can't always have whatever they want just because they have more money. The way it is now, they can pretty much buy their own college sports teams if they want to, with essentially no restrictions... I guess it always bugs me a little when greed ends up becoming a more powerful influence in certain processes, like in kids choosing a college to attend. Yeah, it existed before, but NIL has now vastly increased the greed aspect in various ways. Bummer.

 

[RUnTeX]

10) PSE&G - $34B - Newark NJ - Ralph Izzo - Columbia

and also a Rutgers alum (B-school grad); he's been significantly involved with Rutgers already but not sure if or to what extent is with respect to athletics.

 

[KT8813]

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.

No, actually what we have are too many BAD posters who clutter the board with nonsensical and negative garbage. Why don't you f'k off and go bother some other message board your act has worn out here!

 

[1devotedfan]

Today I agree with Politi
"Schiano knows some people — hell, many people — in the Rutgers fan base might not like it.
He knows something that they like even less: Losing."
I joined KTR today