After being heavily rumored for days, the story was first broke an hour ago by the Pittsburgh Post-Gazette. This is being confirmed by Chris Carlin, Jerry Carino, Tara Sullivan, and Adam Zagoria among others.
The PPG report says that Robert Morris Associate H.C. Andrew Toole, a Red Bank native formerly with The Hoop Group in New Jersey, is considered a top candidate to replace Rice at Morris. Perhaps that could leave an opening to retain a current assistant. Phil Martelli's son is also on staff. Chris Dokish has speculated that Rice may bring in Pitt's video coordinator Rasheen Davis (a Bronx native) on staff. (Update: Carino has other names.)
Rutgers is taking on quite an awful risk with Rice, who could be the next big thing, or blow up spectacularly in their faces just like Hill did. The pressure will be on the new staff immediately to make up ground with key class of 2011 junior recruits like Tyrone Johnson, Myles Davis, and Myles Mack, as recruiting is (once again) believed to be a strength of the incoming coaches. The status of one-time Hill signee Andrew "Red" Nicholas (York, PA) is yet to be determined. There should be plenty of available playing time to go around for any signees.