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Bucs pay Rutgers $500,000 for Schiano


The Buccaneers claim that they’re finally willing to spend on players.  As it turns out, they’ll have to spend a little extra on their new coach, first.

Roy Cummings of the Tampa Tribune reports that the Buccaneers have paid $500,000 to Rutgers for the privilege of hiring coach Greg Schiano.  The amount comes from Schiano’s contract with Rutgers, which required payment of $500,000 if he left before December 31, 2016.

Schiano, who spent 11 seasons as head coach of the Scarlet Knights, also reportedly owes Rutgers $300,000 for a home loan.  It’s unknown whether he or the Buccaneers will be responsible for paying that amount.

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9 Responses to “Bucs pay Rutgers $500,000 for Schiano”
  1. ldr83favre says: Feb 26, 2012 10:02 PM

    So, on top of the millions they’re likely to pay Schiano to coach, the Bucs could forfeit up to an additional $800,000 to Rutgers? Really? He’s worth that much?

  2. babyhorsemorgan says: Feb 26, 2012 10:27 PM

    Sets the market for used college coachs.

  3. someidiotfromouthereintheprojects says: Feb 26, 2012 11:18 PM

    this doesn’t look cheap at all. rutgers pays the mortgage, and butch davis hires the rest of the coaching staff with his UNC allowance.

  4. nyyjetsknicks says: Feb 26, 2012 11:23 PM

    Why would the Bucs be responsable for his personal home loan?

  5. xtb3 says: Feb 27, 2012 12:19 AM

    Bought a man for a half million dollars? I thought that sort of thing ended when the Civil War was over?

  6. petedutcher says: Feb 27, 2012 8:15 AM

    Your name says it all.

    The $500,000 is above what they are paying Schiano, for those who don’t get it.

  7. h4wksf4n says: Feb 27, 2012 9:46 AM

    Breaking news ***Bucs spend some money***

  8. bucforever says: Feb 27, 2012 10:41 AM

    Let’s hope he is worth it! GO BUCS!

  9. riverdog1988 says: Feb 27, 2012 4:25 PM

    Seems like a bargain after the last POS they hired.

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