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Big Bucs: Schiano owes Rutgers $800K for move to NFL

Greg Schiano

As well as the legacy of building up a previously moribund football program, Greg Schiano will be leaving a few hundred thousand other things behind as he exits Rutgers.

Schiano left earlier this week to become the new head coach of the Tampa Bay Buccaneers after 11 seasons with the Scarlet Knights.  Per the terms of his contract, the Newark Star-Ledger reports, Schiano owes the school $800,000 as part of his buyout.

Of that $800,000, $500,000 is due within 30 days of his official departure from the school.

Schiano reportedly will make an average of $3 million per year on the five-year deal he signed with the Bucs.

As far as a replacement for Schiano is concerned, a pair of current head college coaches — FIU’s Mario Cristobal and Temple’s Steve Addazio — are rumored to be at or near the top of RU’s to-do list.  Kyle Flood, who was named interim head coach in the wake of Schiano’s abrupt departure, is also believed to be in the mix for the permanent position.

Athletic director Tim Pernetti hopes to have a new head coach hired before signing day next Wednesday.

(Photo credit: Tampa Bay Buccaneers)

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6 Responses to “Big Bucs: Schiano owes Rutgers $800K for move to NFL”
  1. woebegong says: Jan 28, 2012 7:43 AM

    Pocket change. He is in the big boy league now.

  2. jesse1834 says: Jan 28, 2012 8:27 AM

    I’m sure he is having the Bucs front that cash to Rutgers.

  3. thegamecocker says: Jan 28, 2012 9:53 AM

    Coach Schiano was the architect of the current successful Rutgers football program. He deserves all the accolades and could have departed Rutgers many times for very high profile programs. He didn’t and he is a young man in the prime of his career and life. He has earned the right to leave RU after 11 seasons on the Banks of the Raritan River. When you are a popular and successful leader, there is no “good time” for someone like that to leave. But Coach Schiano has established a solid foundation for the next coach to build upon. Thanks Coach Schiano and best of luck with Tampa Bay!

  4. Alohamrhand says: Jan 28, 2012 10:22 AM

    yep good luck with ever seein that money.

  5. burntorangehorn says: Jan 28, 2012 6:11 PM

    Schiano did a pretty good job making Rutgers a relevant program, but even though it’s not exactly an easy place to win as a coach, I don’t feel like he did the kind of job you’d expect for a guy recruited to make the jump to the NFL. While he did receive a private coach of the year award one time, his teams never finished better than tying for second in the Big East (twice). And while they had a semi-decent season this year, they were nearly winless (a FG with 13sec. left in the 4th quarter vs. UConn saved them) in a bad year for the conference, and went 4-8 overall.

    I thought Schiano was a quality coach for the Rutgers program, but I have a hard time buying that he’s of the quality an NFL team should get.

  6. quizguy66 says: Jan 28, 2012 7:43 PM

    $800k for one coach to leave a Big East school and just now they are getting around to making the penalty $10m to leave the conference? College sports economics are confusing.

    -QG

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