What are the financial costs of the Rutgers scandal?
- Rutgers University could be paying the price for its basketball scandal for several years as wealthy supporters threaten to halt donations, its ousted coach and athletic director walk away with $1 million golden parachutes and President Robert Barchi faces calls for resignation.
- Additionally, lawyers say that the school could face millions of dollars in legal fees and settlement costs if former coach Mike Rice's players file harassment or discrimination suits.
- Hearings on the scandal will be held by lawmakers in the coming weeks, and while the scandal isn't expected to interfere with the school's move to the Big Ten, that move won't create a financial return for about six years.
From the article:
... Assemblywoman Celeste Riley (D-Cumberland), chairwoman of the Assembly higher education committee, calls the disclosures of the past week “heartbreaking,” not just in terms of Rice’s abusive behavior toward his players, but in poor judgment by his superiors, the loss of jobs and the damage to Rutgers’ credibility. ...
- NJ.com Read More
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