By John McMullen
Rutgers University and head football coachGreg Schiano agreed to a four-year contract extension that will run through the 2016 season.
Under the new deal, Schiano's compensation will increase to $1.5 million per year. The extension also includes elements that reward longevity and show a mutual commitment by Rutgers and Schiano including a house loan funded by private donations and annual longevity bonus for Schiano.
The contract also includes a buyout, which begins at $1 million.
"What Greg has accomplished in his six years at Rutgers is truly one of the outstanding coaching efforts in college football history," said athletic director Robert Mulcahy. "In every area of the program, on and off the field, the program has excelled under his watch, and the nation had the opportunity to see that during the 2006 season."
Schiano just completed his sixth season as Rutgers' head coach, leading the Scarlet Knights to an 11-2 record and the program's first bowl win with a 37-10 victory over Kansas State in the inaugural Texas Bowl. The 11 wins tied a single-season school record.
"I consider it a privilege and honor to be the head coach at Rutgers and look forward to leading this program for a long time," stated Schiano. "I am grateful for the outstanding vision, leadership and commitment of presidentMcCormick and Bob Mulcahy. Our goal remains to develop Rutgers into a national championship program."
1 comment:
Good things.
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