[NCAA News] Ex Rutgers Coach Greg Schiano Owes Rutgers $800,000 - GridironFans.com
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Ex Rutgers Coach Greg Schiano Owes Rutgers $800,000 [NCAA News] Ex Rutgers Coach Greg Schiano Owes Rutgers $800,000

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Ex Rutgers Coach Greg Schiano Owes Rutgers $800,000
by Dingleberry 01-28-2012, 10:19 AM


Greg Schiano, who left Rutgers for the NFL's Tampa Bay Buccaneers on Thursday, owes the school $800,000 in buyout and loan payments, Bloomberg News reported Friday.Schiano owes Rutgers a $500,000 contract buyout, in addition to $300,000 remaining on a home loan arranged in his most recent contract, school athletics spokesman Jason Baum said, according to the report.The $800,000 home loan was forgiven at a rate of $100,000 for every year Schiano stayed with the team.Rutgers paid Schiano about $2.3 million per year on a contract running through 2016, in addition to performance and academic performance bonuses and a side deal that paid him $250,000 through a sports marketing firm.

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Old 01-28-2012
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Buccaneers will probably pick that up. Probably handled at the time of contract negotiations. I can't imagine this is something that Schiano wouldn't have brought up.
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Old 01-30-2012
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Buccaneers will probably pick that up. Probably handled at the time of contract negotiations. I can't imagine this is something that Schiano wouldn't have brought up.
And if he DIDN'T say anything about it that'd be a very awkward conversation to bring up now. But I can't imagine the Buc's not picking it up.
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Old 01-30-2012
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eh, schiano's fine ................. he just got the bucs to give him $15 mill ............. he's fine.
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