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Rutgers report on Big Ten money distributions
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Transic_nyc Offline
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Rutgers report on Big Ten money distributions
https://www.nj.com/expo/sports/g66l-2019...mbers.html

Full report here: https://scarletknights.com/documents/201...Report.pdf


According to the report, Rutgers and the Big Ten agreed on a plan for Rutgers to be paid in the following annual payments:
  • 2015: $8,645,986
  • 2016: $9,043,606
  • 2017: $9,442,178
  • 2018: $9,841,721
  • 2019: $10,242,246
  • 2020: $10,643,801


The Big Ten agreed to advance Rutgers on its future distributions. The Big Ten loan amounts, according to the CSS report, are apparently interest-free and will see Rutgers receiving $3 million in 2019 and $7 million in 2020.

Rutgers will have to pay back the Big Ten a check for $6 million in 2021 and $4 million in 2022.

The CSS report also details an additional loan executed between Rutgers and the Big Ten that will further diminished the athletic department's future full-share distributions.

NJ Advance Media previously reported the news on Rutgers' loan, but the CSS report breaks down the payout and payoff amounts in detail:

The Big Ten agreed to advance an additional $38 million, which will be given to Rutgers in the following installments:
  • 2018: $14 million
  • 2019: $13 million
  • 2020: $11 million


As a result of the loans, Rutgers’ payouts from the Big Ten will be as follows:
  • 2018: $23,841,721 (previous amount: $9,841,721)
  • 2019: $26,242,246 (previous amount: $10,242,246)
  • 2020: $28,643,801 (previous amount: $10,643,801)


Here is how CSS estimates Rutgers’ future payouts from the Big Ten to go:

Year: B1G full-distribution estimate | RU estimated distribution
  • 2018: $50,000,000 | $23,841,721
  • 2019: $51,500,000 | $26,242,246
  • 2020: $53,045,000 | $28,643,801
  • 2021: $54,636,350 | $43,705,600
  • 2022: $56,275,441 | $46,029,566
  • 2023: $57,963,704 | $48,941,204
  • 2024: $59,702,615 | $50,970,215
  • 2025: $61,493,693 | $53,055,193
  • 2026: $63,338,504 | $56,178,379
  • 2027: $65,238,659 | $65,238,659
  • 2028: $67,195,819 | $67,195,819
  • 2029: $69,211,694 | $69,211,694
(This post was last modified: 02-01-2019 06:00 AM by Transic_nyc.)
02-01-2019 05:57 AM
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