00:00No conference makes more money than the Big Ten.
00:03Rutgers is in the Big Ten.
00:05That's a windfall for the athletic program, isn't it?
00:07Apparently not.
00:08Rutgers athletics deficit.
00:10It has hit a record $78 million in 2024-2025.
00:15New AD Kelly Zinn says, quote, it's got to get better.
00:18So when you get a TD.
00:20deal worth probably hundreds of millions of dollars, how do you run a budget?
00:25Deficit of $78 million.
00:28It doesn't make any sense.
00:30That's the state of New Jersey, which I live in.
00:32The financials, Donnie, show a 73%.
00:35Fringe rate.
00:36So that means an employee for the athletic department making $100.
00:40$100,000 is considered to be making $173,000.
00:45Because they have to also account for their retirement funds all at all.
00:50The healthcare, all of that.
00:52So basically, they're paying for some co-
00:55coaches retirement from 1955 because they keep borrowing and stealing.
01:00from that retirement fund every year that they have to keep tacking it on every year.
01:05So it's very easy to run a deficit when you continue to try to pay for things from-
01:1030 years ago.
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