Greg Schiano Owes Rutgers $800,000 After Move to NFL’s Tampa Bay
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Greg Schiano owes Rutgers University $800,000 after the coach’s decision to leave for the Tampa Bay Buccaneers of the National Football League.
Schiano, who was head coach at the New Brunswick, New Jersey-based school for 11 seasons, is obligated to pay a $500,000 buyout plus the $300,000 remaining on a home loan contained in his most recent contract in 2007, Jason Baum, a Rutgers athletic department spokesman, said in an e-mail.