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Rutgers football lost money in 2016 season | A look at the $8M deficit

That is among the reasons why Rutgers reported an $8.2 million deficit in its football budget on the university's 2017 Fiscal Year athletics report, which was obtained Tuesday by NJ Advance Media.

Overall, Rutgers' athletics ledger shows a $47.4 million shortfall in a $99.2 million budget that was made up by $21.3 million in support from the university's operating budget, $11.8 million in student fees, and a $14.3 million internal loan.

The $99.2 million is a record amount in athletics expenditures overall, and the $27.7 million spent on football is believed to be an all-time high.

The $8.