Report: Schiano owes Rutgers $800,000

Outgoing Rutgers coach Greg Schiano owes the school $800,000 in buyout and loan payments, according to Bloomberg News.

His contract calls for a $500,000 buyout, and there is $300,000 remaining on a home loan that also was arranged through his contract.

Schiano was officially introduced as the new coach of the Tampa Bay Bucs on Friday. He reportedly signed a five-year deal worth around $15 million.