Feb. 1 (Bloomberg) -- Kyle Flood had the interim tag removed from his title as head football coach at Rutgers University, less than a week after Greg Schiano left the job for the National Football League’s Tampa Bay Buccaneers.
Flood, 41, who had been given the post on a temporary basis after Schiano’s departure, was handed the job permanently yesterday following Mario Cristobal’s decision to turn down the Scarlet Knights and stay at Florida International University.
Flood will be paid $765,000 in guaranteed salary this year, according to his five-year agreement with the school. Schiano was due to make almost three times as much.
It is the first head coaching position for Flood, who has served as offensive line coach at the New Brunswick, New Jersey-based school since 2005. He was also part of the University of Delaware coaching staff that won the Division I-AA national championship in 2003.
“Coach Flood is the right guy for the job,” San Francisco 49ers offensive lineman Anthony Davis, who played under Flood from 2007 to 2009, said on the school’s sports website. “The kids that get to play for him are lucky and their parents should be comfortable knowing that their kids are not only in a great program, but also with a great coach.”
Flood’s hiring came one day before high school recruits can first sign binding letters of intent to attend a university. Rutgers’ 16-player 2012 class, which Flood helped put together, is ranked No. 49 in the country based on verbal commitments, according to Scout.com.
Flood will be paid a base salary of $750,000 next season, with an additional $15,000 car stipend, according to the agreement. He also will be eligible for bonuses based on the team’s performance on the field and in the classroom.
Schiano, who left last week after 11 seasons with the Scarlet Knights, was due to be paid roughly $2 million in guaranteed salary this year before bonuses, according to his contract.
The discrepancy between the new and old salaries at Rutgers bucks a national trend this season. New coaches at schools in college football’s top division will be paid an average of almost 35 percent more than their predecessors, USA Today reported this month, citing prior and current contracts.
Rutgers, which hosted Princeton in 1869 in the first college football game, is trying to increase revenue to balance its intercollegiate sports budget. The athletic department’s $26.9 million subsidy in fiscal 2010 from student fees and the school’s general fund was the most among the 53 public universities in college football’s biggest conferences, according to data compiled by Bloomberg News.
The compensation budget for Flood’s assistants will be $1.8 million before bonuses, according to his agreement. That is a decrease from the $2.9 million that the school spent on assistants’ salaries, bonuses and benefits in fiscal 2011, according to documents obtained through Open Records laws.
Flood helped develop Davis, who San Francisco selected with the No. 11 pick in the 2010 NFL Draft, the highest in school history. Davis, who called Flood a “father figure,” started all 16 games this year for the 49ers, who won 13 regular-season games and lost the National Football Conference championship to the New York Giants in overtime.
Flood is the 29th football coach at Rutgers. The last Scarlet Knights coach promoted from within, Frank Burns, won a program-record 78 games from 1973 to 1983.
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