May 28, 2024

Rutgers’ Greg Schiano can rake in bonuses before season’s end: How much?Can Rutgers justify paying Greg Schiano $32M to coach football? N.J.  congressman demands answers. - nj.com

Written by NJ Advance Media’s Patrick Lanni for NJ.com
Greg Schiano, the head coach of the Rutgers football team, could benefit financially from a breakthrough season on the pitch.

Schiano’s contract includes incentive clauses that allow him to earn up to $600,000 at the end of the season, with at least $125,000 guaranteed based on what his team has already accomplished. In the next three regular-season games, Rutgers’ performance will determine Schiano’s final bonuses. Schiano may also receive bonus payments in the event that his team places highly academically, wins a bowl game, or he wins any coach of the year honours.

When Schiano decided to return to Rutgers for his second head coaching term in 2019, he inked an eight-year, $32 million contract. According to USA Today’s coaching salary database, the deal pays him $4 million in base salary annually, which ties him with Ryan Walters of Purdue for the lowest among Big Ten coaches and for the 49th highest in FBS football.

With season ticket sales, Schiano achieved his first incentive bonus. When his team earned bowl eligibility, he promised his second bonus; however, the exact amount of money will depend on what tier bowl game the Scarlet Knights play in.

This is the bonus analysis:

Bowl game: Schiano promised $75,000 for earning bowl eligibility, but if Rutgers wins its final three regular-season games and advances to a New Year’s Six Bowl or a higher-tier bowl, that payment could rise. Additionally, Schiano will receive payment if Rutgers wins the bowl game.

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