Rutgers would owe Greg Schiano roughly $18.5 million to fire him, 76.875 percent of his remaining salary, under the six year extension he signed in December 2023. That extension raised his pay from $4 million to $6.25 million and includes a $500,000 raise after the 2026 season. The buyout became a live question on Sept. 3, 2026, when Rutgers opened with a 37 to 21 home loss to UMass as a 29.5 point favorite.
| Salary | About $6.5 million, after a raise from $4 million to $6.25 million in 2024; another $500,000 raise after the 2026 season |
| If Rutgers fires him | 76.875 percent of his remaining salary, paid biweekly through the end of the term and offset by any future job. About $18.5 million now and about $17.8 million on Dec. 1, 2026 |
| Later years | Falls to about $11.7 million after 2027 and $5.9 million after 2028 |
| Bonuses | $100,000 for the Big Ten title game, $200,000 for winning it, and bowl bonuses up to $350,000 for a national title, under his original 2019 terms |
| Tenure | His 18th season overall at Rutgers, across two stints |
Contract terms are from the contract obtained by On3, as reported by Yardbarker, and the 2023 extension reported by the Daily Targum. More on college football coach buyouts.
The Bottom Line
Greg Schiano makes about $6.5 million at Rutgers, and firing him would cost about $18.5 million, offset by any new job, falling to about $11.7 million after 2027. The UMass loss put that number in play. Follow the Scarlet Knights on the Rutgers football schedule and Rutgers score today.