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Greg Schiano (HC Rutgers Scarlet Knights)

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An 8-year contract and unlimited jet use among Greg Schiano’s reported demands from Rutgers

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As with any breakup, Rutgers and Greg Schiano are now down to the all-important business of telling everyone they know it was the other side’s fault. But a leak Monday to NJ.com shows that, as with any breakup, the truth lies somewhere in the middle.

Schiano’s camp was quick to get the word out Sunday that the breakdown of negotiations between the Knights and their former coach was not about money, and a term sheet circulated among the Rutgers board of governors and obtained by NJ.com shows that was partially true.

The highlights of what Schiano wanted, according to the site:

— An 8-year contract worth $4 million per year, with $400,000 retention bonuses after Years 4 and 6.

— A buyout starting at $25.2 million.

— The freedom to walk without penalty if the school did not improve its football facilities by 2023.

— Unlimited private jet use.

— A staff salary pool starting at $7.7 million, increasing by at least 3 percent per year.

— Other standard bonuses and perks common to coaching contracts at the Power 5 level.

Rutgers offered Schiano a 6-year contract averaging $4 million per year, which shows that the sides agreed on the annual salary, but Schiano sought a buyout that was worth more than the entire contract the school offered.

So, yeah, it wasn’t about the money, but it was about the money.

Entire article: https://collegefootballtalk.nbcspor...-greg-schianos-reported-demands-from-rutgers/
 
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Rutgers either needs to find a way to get more money from the Big Ten or get out. His demands would be realistic in a program that was making money but Rutgers is losing money big time. And you have one of your campuses situated dead smack in the middle of one of the poorest city areas of the United States (Rutgers Camden).

So, University administrators would face an uphill battle against the University faculty and the students who would have to pay for what Schiano wanted from their fees. That is not going to fly anywhere, anymore.

I mean, could Schiano turn Rutgers into a powerhouse in 3 years? Five years? Ever? I think he might get them to the top of the bottom half of the league and it would cost a lot of money and political capital that Rutgers don't have.

https://www.northjersey.com/story/n...tom-big-ten-revenue-and-victories/2748374002/
 
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Schiano didn't need to make them a powerhouse. He needed to make them respectable. B1G is ecstatic with revenue coming from NYC / Tri State market. With the addition of Rutgers and Maryland, B1G TV annual revenue is now $100M MORE than the SEC revenue. Rutgers will be earning their full share soon enuf.

Rutgers will always struggle with the revenue since their ticket prices are comparable to major programs but they can only seat around 40,000. The rev share of the B1G TV is their prize as well.

Rutgers was aided a great deal when the state formally merged a number of the medical schools into Rutgers campuses just a couple yrs ago... but chances of a Rutgers student in Camden attending a game at the stadium might not be very good... that's a commute... unless you had a heckuva product.. which they don't
 
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NJ, I think that the point is that they need the athletics program to reach break-even. With full distribution of B1G funds only in 2027, I would not be surprised if Rutgers pulls out of the B1G in the next few years.

The problem isn't that a kid won't travel from Camden to attend a game. In an age of unaffordable public education, it is just increasingly difficult to convince kids and their parents to take on additional debt to support a non-core activity, such as B1G competitive athletics. This is especially true of a university supporting that Rutgers Camden campus. Perhaps I am wrong, but I just don't see it.
 
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Steve19 said:
NJ, I think that the point is that they need the athletics program to reach break-even. With full distribution of B1G funds only in 2027, I would not be surprised if Rutgers pulls out of the B1G in the next few years.

The problem isn't that a kid won't travel from Camden to attend a game. In an age of unaffordable public education, it is just increasingly difficult to convince kids and their parents to take on additional debt to support a non-core activity, such as B1G competitive athletics. This is especially true of a university supporting that Rutgers Camden campus. Perhaps I am wrong, but I just don't see it.
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While you may be right on some of that, I'd argue that Rutgers is in a bit of a sellers market. They aren't competing for Princeton and NYU students...
 
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I think Schiano's salary demand was reasonable (tied for 10th in the Big Ten), but I agree that the facilities demands were never going to fly. He should have found some middle ground that the university would, after he showed some on the field progress, start a fundraising campaign for them. The private jet thing was probably not a lot in actual dollars but was some really bad optics.
 
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Large scale protests by Rutgers students and major donors demanding Schiano... and for AD Hobbs to be fired.
In the basketball game the other night, there were fan cheers demanding Hobbs be fired.. and Hobbs was in attendance.

Major donors are screaming... and pulling out of their donor pledges.
One contributes major monies for the locker rooms annually... others vowed to pay for Schiano's private jet use...
There's a rebellion going on but rumors that Rutgers will announce their new coach Dec 3

Hobbs got his panties in a bunch when Schiano showed up with an entire very in-depth presentation of
what was wrong with the program, a player by player analysis, top 100 protocol players he'd go after, facility improvements and dates. coaching improvements including pay scale
not just rah rah bullshit... a man with a plan...

Hobbs is also catching heat because Rutgers still owes Ashe $12M. The fact Rutgers President retires within a year is not helping at all. He's being a wiener..
 
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The same month, about 1,000 miles away in the crowded suburbs of northern New Jersey, another Rutgers University football season began with much less fanfare. There was no new video screen to celebrate, just a football team that has struggled to keep up with powerhouses like Auburn — on the field and financially — for more than 30 years.

Six years had passed since Rutgers’s last big athletics purchase — a $102 million expansion of the football stadium, which the former athletics director said would help finally make the program financially self-sufficient. That plan hasn’t worked yet. In 2014, Rutgers’s athletics deficit topped $36 million, an amount equivalent to losing $1, every second, for a year. (Washington Post, 2015)
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Of all the schools that have tried to use intercollegiate athletics to advance the university’s name recognition and mission, none have done so more vigorously and expensively than Rutgers University. At last report, the school’s spending on sports exceeds revenue by over $36 million annually. That is the equivalent of a dollar a second during every minute, hour, day, week and month of the year. That is about $900 for every student attending the main campus of the University at New Brunswick. To be sure, the students directly pay somewhat less than that through student fees, but the university’s budgetary support for athletics is money that could have been used to reduce basic tuition fees for instruction. Since students are typically in school less than nine months a year, the typical Rutgers student pays about $100 every month to support the schools quixotic efforts to achieve athletic greatness. I also speculate that is at least $50 for each athletic event the typical student actually attends....To date, the results at Rutgers are rather underwhelming. To be sure, Rutgers had a highly credible although not spectacular football team that went 8 and 5 this year, but a basketball team that was last in the Big Ten and that lost more than twice as many games as it won (10 and 22). Moreover, the reported already huge budgetary losses disguise and understate true costs, as it is implicitly assumed that stadiums, basketball arenas and indoor practice facilities are gifts from God. To be truly competitive, Rutgers is no doubt going to have to spend minimally tens of millions and arguably hundreds of millions on new venues to keep up with its new conference peers like the deep pocketed University of Michigan or Ohio State. (Forbes, 2015)
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Bottom line: Rutgers has heard this song before. It has been a failure. Improving facilities did not keep Schiano there the first time.

The tide on student fees is turning very quickly and it is very hard to keep the top faculty that students come to learn from. Students are paying $100 a month in their fees to cover athletics. Be honest. If you were a student or faculty member, would you be willing to pay to support Rutgers athletics? Football just isn't that important.

I guess the question I would ask Schiano would be, when would football break even at Rutgers and how much would it contribute to the overall athletics program in the next ten years? What would be the return on the investment and how much of your pay would you be prepared to defer based on achieving that return?

I'm guessing that is the point that Schiano leaves the negotiation.
 
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