April 8th, 2013
05:07 PM ET

Ex-Rutgers athletics chief gets $1.1M payout

Rutgers University will pay former Athletic Director Tim Pernetti more than $1.1 million after his resignation in the wake of a scandal involving the videotaped abuse of basketball players by the team's former coach.

CNN obtained the terms of Pernetti's separation package through a New Jersey Open Public Records Act request after Rutgers and Pernetti had agreed to keep the terms confidential.

The state university will pay Pernetti his annual $453,000 salary through June 30, 2014. In addition, he will get a lump sum equal to 18 months of salary  - $679,500 - payable by next month, according to the agreement.

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Filed under: Basketball • College basketball • New Jersey • Sports
soundoff (5 Responses)
  1. Merry Christmas!

    $1 million bail out?

    April 8, 2013 at 5:14 pm | Report abuse |
    • Rascal Rabble

      i feel vindicated...it woulddah been "cheaper to keep her"...he wasn't a bad coach and his players respected him...maybe we see'im mceeing the college games...hey everybody where's mah finders fee??? everybody gettin' paid 'cept me...!

      April 8, 2013 at 5:23 pm | Report abuse |
    • banasy©

      At the risk of incurring your wrath, this isn't the coach who got the payout. It is the Athletic Director who hired him.

      April 8, 2013 at 7:51 pm | Report abuse |
    • Rascal Rabble

      lol...i only wrath those i love...but you must agree the university would not not be throwin' out these bucks unless to minimize its liabilities...the coach hasah case...would not you agree?

      April 8, 2013 at 8:28 pm | Report abuse |
    • banasy©

      If the coach didn't violate his contract, he probably does have a case.

      I am unsure of what the Athetic Director's contract states...but evidently a nice big payout was in it.

      April 8, 2013 at 8:49 pm | Report abuse |