The bad news for Rutgers multiplies, as the NJ State Comptroller has now opened a probe of Rutgers finances, Schianogate, and the rest of shenanigans surrounding funding for bigtime sports, per another first-rate piece of breaking news filed by Star Ledger reporters Sherman and Margolin. Per the Ledger: “The review is focused on the financial management of the university’s athletics department and was triggered by Star-Ledger reports last week that detailed hidden side deals with head football coach Greg Schiano.”
Rutgers has until August 11 to turn over a list of documents pertaining to Schianogate and, right now, the university says it intends to cooperate (but how many documents will go missing en route to Trenton?).
Per Sen. Loretta Weinberg (D-Bergen), who applauded the involvement of the Comptroller in investigating Rutgers finances: “The whole thing needs a little bit of sunshine on it.”
Meantime, George Zoffinger, a member of the Rutgers Board of Governors, told the Home News & Tribune: “I am chairman of the audit committee and it hasn’t done me any good. Maybe this comptroller can get to the bottom of things,” said Zoffinger.
Zoffinger said Rutgers should not have embarked on the stadium expansion plan without a firm guarantee that the money would be in place. He called the plan and the scramble for money “a giant tap dance.”
Also piling on is The Chronicle of Higher Education, insuring that the Rutgers reputation plummets further down among its peers.
Way to go, Mulcahy III! Rutgers is getting so much more ink than anyone ever imagined.
What makes all this so perverse is that experts agree the Rutgers football team is mediocre, with many preseason polls slotting Rutgers around 50th in the nation. It’s difficult to see why so much money has produced so little. But that is what the Comptroller will dig into.
We’ve said it before, we’ll say it again. Rutgers will pull the plug on the Phase 2 expansion, Mulcahy III will “retire,” and probably Greedy Greg Schiano will flee the state, all in the next few months. Keep coming back — the story will only get funnier.