Get ready New Brunswick… the life of this town will once again start to get buzz. That means more faces to see, more cars on the street and more excitement throughout town. Restaurants are busier, nights are louder, bars more packed. Rutgers students have already moved into some dorms and the majority of students will be in this weekend and classes starting on Tuesday - September 2nd. Labor Day Monday will also be the first game of the season! Welcome RUTGERS STUDENTS!
From (AP) NEW BRUNSWICK, N.J. - Rutgers University President Richard McCormick and his wife are giving his $100,000 bonus back to the university. The university says the money will go toward the Rutgers University Foundation to pay for financial aid for undergraduates.
Under McCormick’s employment contract, he’s eligible for a $100,000 annual bonus when the Rutgers Board of Governors decides he’s met goals set out for him. His annual base salary is $550,000.
His decision comes as the university is raising tuition by 8.5 percent.
In a letter to the Board of Governors, McCormick says he and his wife wanted to do their part to support Rutgers students.
When: August 10 (Sunday)
When: 5-7pm
Where: Rutgers Stadium, Piscataway
The Rutgers University football team will host its annual Kickoff Celebration on Sunday, August 10 from 5-7 p.m. at Rutgers Stadium.
The event is open to the public and will feature
Free admission
Free 2008 Rutgers Football poster (while supplies last)
Rutgers Kids’ Zone with events and amusements
Food and beverage available for purchase
Performances by the RU Cheer/Dance Teams and Pep Band
Meet the 2008 RUTGERS FOOTBALL TEAM for autographs from 6 to 7 p.m
Rutgers football coach Greg Schiano can walk away from his contract without penalty if the university does not complete a major expansion of its stadium by next year, a newspaper reported Wednesday. Schiano’s 10-year contract calls for him to pay $500,000 if he leaves following the 2009 season. However, an addendum to that contract not divulged by Rutgers waives the buyout fee if the construction is not completed on time, The Star-Ledger reported.
The paper reported earlier that Rutgers had guaranteed Schiano $250,000 on top of the $2 million annual contract he signed in February 2007. The extra money was channeled through the Nelligan Sports Marketing firm and does not show up on the school’s books.
Rutgers is being criticized over the lack of disclosure of the various incentives. State Sen. Loretta Weinberg asked the state inspector general and state comptroller to open investigations. “The taxpayers deserve to know the total price tag that comes with the hiring of a prominent and sought-after football coach,” said Weinberg, referring to the side letters as a “covert operation.”
Schiano earned bonuses last year of $50,000 for the Scarlet Knights’ bowl appearance, $100,000 for reaching a ticket sales benchmark and $25,000 for the team’s academic progress rating. The university also sold land to the coach and gave him an $800,000 interest-free loan that is being forgiven at a rate of $100,000 a year while he remains at Rutgers.
McCormick said the school included a stadium clause as an incentive to retain Schiano, who has been courted in recent seasons by college powers Miami and Michigan. The $102 million renovation, which will add 14,000 new seats, is over budget.
University officials say the first phase, adding approximately 1,000 “premium” seats, will be ready by the end of August, but bids for the addition of 13,000 more seats came in $18 million higher than anticipated.
The cost of attending Rutgers University this fall will rise to $21,482 for New Jersey residents, making it one of the costliest public colleges in the nation. Undergraduate tuition for New Jersey residents will increase by $727, to $9,268 a year. Out-of-state students will pay $19,216. Fuel costs and state budget cuts are the reason… the board of governors approved a $1.8 billion budget yesterday that includes a 6.5 percent overall increase in tuition, fees, room and board.
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