He was as the executive director of the National Collegiate Athletic Association (NCAA) from 1988 to 1993 and the United States Olympic Committee (USOC) from 1995 to 2000.
He turned down a chance to play baseball for the St. Louis Browns organization in order to teach and coach.
Over a ten-year period, Schultz taught biology and served as an assistant football, and head baseball and basketball coach.
From 1976 to 1981, Schultz was athletic director at Cornell University, where he hired a new football coach (Bob Blackman) and worked toward financial self-sufficiency for his department.
During his five-year tenure he helped to strengthened the organization's integrity and reform by opening lines of communication with member colleges.