247Sports via a public records request was able to get the details of Schiano's potential deal with Tennessee. The Vols offer to Schiano was a six-year deal worth $27 million. You can read the details: HERE
Forbes’ Darren Heitner outlined this morning why Tennessee could still end up owing Schiano “millions.”
Thus, the key question is whether Currie’s signature is sufficient, under the law, to bind the University of Tennessee to the terms of the MOU, creating an opportunity for Schiano to receive a serious windfall. As Director of Athletics, one would presume that Currie has the ability to bind the University to such a contract, and a court of law may be stuck with determining whether University policy on the matter, which may require others’ signatures, is relevant to the enforceability of the document.
Ultimately, neither Schiano nor Tennessee may want to fight this battle in front of a judge. It is entirely possible that the parties settle out of court for a discount on the full amount guaranteed to Schiano under the terms of the MOU. In fact, the parties could be actively discussing a reasonable settlement amount, causing a delay in any filing to date.