An ugly, very public backlash ended up causing some significant damage to Greg Schiano‘s bank account.
247Sports.com obtained the full Memorandum of Understanding between Schiano and the University of Tennessee, with the MOU revealing that UT was set to sign the Ohio State defensive coordinator to a six-year contract worth a total of $27 million; ESPN.com puts the number closer to $28 million. Schiano would’ve been paid $4.4 million in his first year as the Vols head coach.
However, Schiano was never officially hired as UT’s head coach after a certain segment of the fanbase used social media and other means to very vociferously object to the hiring based on Schiano’s (flimsy) connection to the Jerry Sandusky scandal at Penn State. That backlash forced the university to reverse course on Schiano, setting the stage for an embarrassing series of snubs — and the athletic director working on a deal with Mike Leach one night only to be fired the next day — over the next couple of weeks before settling on Alabama defensive coordinator Jeremy Pruitt as its next head coach.
It was reported back in late November that UT chancellor Beverly Davenport never signed the MOU, casting doubt on Schiano’s ability to seek any type of legal relief over the university backing out of the deal. It was further clarified earlier this month that the MOU, which was signed by Schiano as well as then-athletic director John Currie, needed to be signed by the university’s Chief Financial Officer to be valid; CFO David Miller never put his Herbie Hancock on the document, seemingly making it invalid if Schiano’s side decided to pursue a court case.
Should Schiano seek legal recourse through a lawsuit and ultimately win, though, it could prove to be very costly for UT. From ESPN:
If [Schiano] believes he was in fact hired, and then fired without cause, he would be owed 75 percent of the contract, which would equal $20.7 million.
Pruitt will make $3.8 million in his first year as UT’s head coach. Schiano made $700,000 (pre-bonus) as OSU’s coordinator this season, and is expected to get a bump in pay for 2018 that should get him to at least $800,000.