Fired Rutgers Coach Mike Rice to Receive $100,000 Bonus For Finishing the 2012-13 Season

Mike Rice, Tim PernettiThere are plenty of college basketball coaches who deserve some extra money for leading their respective teams this season, but that list probably does not include recently fired Rutgers coach, Mike Rice.

After footage of Rice physically and verbally abusing his players aired on ESPN, the school dismissed him on Wednesday, but he won’t be walking away empty-handed. For lasting the entire season, Rice will earn a $100,000 bonus as stipulated by his contract.

According to Rutgers athletic department spokesman, Jason Baum, the bonus will be paid because it is contractually obligated.

Rice earned $622,500 in 2012 and also received bonuses for graduating players and winning games. The $100,000 payout is part of his five-year contract that simply called for him to complete the 2012-2013 season.

Rice would not be collecting the big bucks if he had been fired back in December when he was fined $50,000 and suspended without pay for three weeks when the practice tapes were first seen by the university.

Yardbarker

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