Well, the Newark Star-Ledger -- with reporters Josh Margolin and Ted Sherman leading the way -- is at again.
Today's story on Rutgers and head footbal coach Greg Schiano has information about another secret deal the school made with Schiano.
According to the Star-Ledger report, Schiano must pay $500,000 to the school if he breaks his 10-year contract and leaves following the 2009 season. But an addendum to that contract says that Schiano does not have to pay if the school cannot finish a major renovation to the stadium by 2009.
This is getting ugly.
The Star-Ledger reported that State Sen. Loretta Weinberg (D-Bergen) wants an investigation. She refers to this deal and another secret deal -- reported by the Star-Ledger on Monday -- that pays Schiano an additional $250,000 on top of his normal contract as a "covert operation."
-- MR
Comments (1)
This is a big nothingburger - complete spin by a bunch of hacks. The contract line items in question were not secret, they were available to anyone via an OPRA request. College coaches get paid via 3rd parties all the time, and for tax reasons, upeer maangement of large firms & independent contractors set up LLC's all the time. The coach of Stanford has the same contract clause (the ability to walk away if the stadium is not completed). Rutgers has gone big-time, and the media is not prepared for what big-time college football is, so you get shoddy journalism sensasionalizing the regular goings-on.