Rutgers got $30M from Big Ten last year. After COVID testing, debt payment, what was left?
Six years after Rutgers University joined the Big Ten Conference, the school has received its first full share of the league’s revenues — but documents show it will be far from enough to get the athletics division out of the red.
While the COVID-19 pandemic played a role in reducing revenues and increasing expenses, athletics’ debt payments alone — including $1.4 million in interest and $8 million in principal to the Big Ten — helped eat away the additional earnings.