Sunday, December 11, 2011

Rutgers athletics are hemorrhaging money leading to a huge deficit

In these austere times we're living in to hear that an athletic program is losing money would not be entirely surprising. People do have less money to spend on a football or basketball game. Hell they're worried about food in the cupboard and immunizations for the children, not Greg Schiano's Scarlet Knight football squad, no matter how many gams they win.

Well, that point is being driven home in a great piece from the Star-Ledger this morning about the financial difficulties affecting the Rutgers athletic department brass about how much money Rutgers athletics is losing and how they have been putting up sandbags to staunch the bleeding but those sandbags are currently filled with student fees, tuition money (!?) and your tax dollars.

It's a great read on a troubling problem that is siphoning cash from your wallet sitting on your nightstand even as you look at it.

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