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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.
$1 million bail out?
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...!
At the risk of incurring your wrath, this isn't the coach who got the payout. It is the Athletic Director who hired him.
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?
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.