Rutgers’ conference revenue of $30 million in 2020-21 reflected a $4 million deduction for COVID testing and $6 million to start a loan repayment.
Author: Abbott Koloff and Jean Rimbach, NorthJersey.com
‘Takes your breath away’: NJ Gov. calls Rutgers athletics’ financial woes ‘concerning’
Rutgers’ debt includes loans from the university and Big Ten to cover years of annual athletics department operating shortfalls of up to $73 million.