Apparently, Rutgers does not read the Washington Post, now or in 1972.
Rutgers President Richard McCormick admitted, somewhat sheepishly, that football coach (and guido savior) Greg Schiano is receiving an additional $250,000 a year on top of his disclosed contract. The funds are being funnelled through the university's sports marketing firm.
blahblablahblahblahblahblahblah Coming soon to Morgantown?
Hmm, public funds diverted through a slush fund for the personal benefit of the most powerful man on campus? Schiano is not a crook. Actually, the marketing firm claims that no public funds were used and that the payment came from money generated by the firm. Still, it looks bad.
But that's not the biggest blunder. At least the funds were already tabbed for sports purposes (Thelma and Ray Rice Particle Accelerator still on schedule). Rutgers' monumental f-up is that they granted Schiano an opt-out provision in his ten-year contract. Normally, Schiano would owe $500,000 if he were to pull a RichRod. Under a secret addendum to the contract, Schiano owes nothing if additions to Rutgers' stadium are not completed on time. Expansion is scheduled to be complete prior to the 2009 season.
Flash back to April of this year. Washington Nationals owner Ted Lerner revealed that he was seeking a $100,000 per day penalty against the District of Columbia for failing to have the stadium "substantially complete" prior to Opening Day. If you watched ESPN, the stadium sure looked complete. Apparently some office space was not, and still is not, totally finished. He's also withholding rent.
If Rutgers reads the news at all, I hope they had the sense to really define "complete" before granting Schiano a get out of Jersey free card (cash value = eleventy billion dollars).