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
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