The Courier-Post has studied Rutgers salaries, and guess who comes out on top? Greg Schiano, who has done more to change attitudes about the state university than almost anyone else in recent years. From the salary survey:
Schiano, who is the highest paid public employee in the state, has a base salary of $450,000 and guaranteed incentives that will push the gross to $1.6 million through June 30, 2009. The contract could be worth as much as $2.1 million by the time it expires in 2016, if he meets each incentive.
Perks include a car, a country club membership, and an $800,000 interest-free home loan that will be paid for by the university if he remains the coach through 2016. The loan was used to build a 5,000-square-foot home on land Schiano purchased near Rutgers Stadium in the fall of 2006.
Schiano, in his eighth year at Rutgers, received a contract extension in early 2007, two months after he turned down an offer to coach at the University of Miami.
In December, Schiano spurned an offer to coach at the University of Michigan.
Including bonuses, Schiano grossed nearly $1.8 million in 2007, which ranked 22nd nationally and second among Big East coaches last season.
Comments