NEW BRUNSWICK, NJ - Rutgers fans, Greg Schiano is back.
The Rutgers University Board of Governors Tuesday morning unanimously approved Schiano's contract with a base salary of $4 million a year over the next eight years to coach the Rutgers football team, according to details of the contract released by a university spokesperson after the vote.
He will also be eligible for a $250,000 bonus if he is able to get Rutgers to the National Championship Game. And if he fulfills the dreams of Rutgers fans across the state and leads the Scarlet Knights to a National Championship Game victory, he will be paid another $350,000.
The 14 members of the Board of Governors attended the meeting at Winants Hall via teleconference, as did University President Robert Barchi and Athletic Director Pat Hobbs. University Secretary Kimberlee Pastva hosted the 22-minute meeting.
The details of the contract also reveal that Schiano will aid and assist in obtaining private funding commitments to help build a new football operations center and an adjoining multi-sport indoor practice facility. According to the university, the school will move ahead with those projects "upon reaching a private funding commitment level of at least" 50%.
Schiano was not present at the meeting but the school released a comment from him.
"Rutgers University and this football program have meant the world to me and my family," he said. "I arrived here in 2000 with the goal to build a program that would be a source of pride for the state of New Jersey and develop great young men. I look forward to embracing that challenge once again. This is a great opportunity for all of Rutgers to pull together to get us back to where we all know we belong. It will take everyone on this campus and in the State of Rutgers to get this done."
A press conference that will be broadcast live on the Big Ten Network is scheduled for tomorrow. According to published reports, Gov. Phil Murphy will attend the meeting.
Schiano's contract is incentive-laden and, not surprisingly, tied to the team's success.
For instance, the coach will collect $75,000 if the Scarlet Knights play in the Quick Lane, Belk or Music City bowls and another $75,000 if they win the game. A playoff bowl appearance at a higher-profile bowl game will earn him $100,000 and a victory will be worth another $100,000.
And, the more fans come to see Rutgers play, the more he will get paid. He will receive bonuses when season ticket sales rise above 20,000 ($50,000), 24,000 ($50,000), 28,000 ($50,000) and 32,000 ($50,000).
Schiano will also get bonuses tied into Academic Progress Rate.
Just a week ago, Rutgers' on-again, off-again courtship of the coach that led them to six bowl game appearances in his final seven seasons during his first term seemed to be over.
Whether the Board of Governors and Hobbs bowed to public outcry and gave Schiano a contract is not known - the only question the Board of Governors answered during Tuesday's meeting came from a member of the public who asked them if they could hear him speak.
However, Schiano will receive $7.7 million to build a staff, the use of a private jet for his family to attend away games, a country club membership, a $5,000 clothing stipend and an annual car stipend of $15,000.
"Today, we open the next great chapter for Rutgers Football," Athletic Director Pat Hobbs said in a statement released by the school. "Coach Schiano is absolutely the best person to lead our program. He brings a quality of leadership and integrity that will make all of us proud in the years ahead."
Schiano's name was on the tip of Rutgers fans' tongues immediately after Chris Ash was fired four games into the season. Hobbs canned Ash, who won just eight games over three and a half seasons, on a Sunday morning following a 52-0 loss to Michigan on Sept. 28. Nunzio Campanile coached the team for the rest of the season on an interim basis.
Five people spoke during the public portion of the meeting, including three that condemned the university for coming to a contract agreement with Schiano in just a few days while members of the union representing clinical and research physicians at Rutgers has been working on a contract that expired on June 30, 2018.