Ex-Rutgers AD getting $1.2M, iPad

Associated Press  |  Last updated April 08, 2013
Former Rutgers Athletic Director Tim Pernetti is getting $1.2 million in salary, plus an iPad, car allowance and more than two years of health insurance coverage under a settlement agreement. The Associated Press obtained details of the settlement Monday through an open records request with Rutgers. The Star-Ledger had previously reported some details. Pernetti resigned last week after a video was made public showing former men's basketball coach Mike Rice shoving players and berating them with anti-gay slurs. Pernetti suspended Rice last December. The coach was fired last week. Under his agreement, Pernetti is to be paid his base salary of $453,000 per year through June 2014 and a one-time payment of $679,500 in the next month. He gets the money even if he takes another job. He also gets his $12,000 per year car allowance through June 2014 and health insurance and pension payments through October 2015. Pernetti also gets to keep his Rutgers-issued iPad and laptop computer. Rutgers agreed to represent Pernetti in any lawsuits related to his job as athletic director. The university agreed not to say anything bad about Pernetti to the media or prospective employers, and Pernetti agreed not to disparage the school publicly, though he is allowed to speak truthfully about the Rice situation. He also agreed to cooperate in any investigations by the school, NCAA or legal authorities. Rice was fired last week not for cause, meaning that under his contract he is in line to be paid just over $1million, or 75 percent of his remaining salary, plus a $100,000 bonus for staying on the job through the 2012-13 season.
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

North Carolina lawmakers tweak HB2 law before NCAA deadline

Stephanie McMahon would love Ronda Rousey to sign with WWE

Carmelo Anthony knows he is being phased out with Knicks

Jerry Jones sets deadline for decision on Tony Romo’s future with Cowboys

Jason Kidd believes Isaiah Thomas is in NBA MVP race

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Kyrie Irving takes blame for Cavs’ recent skid: ‘I need to demand more out of myself’

Ichiro Suzuki wants to play until age 50

Minute Maid Park doesn’t look the same without Tal’s Hill

Six NFL teams have not renewed their daily fantasy deals

A Chicago Bulls and Jimmer Fredette reunion makes sense

Cardinals may look at a veteran to ultimately replace Carson Palmer

The 'So, is this the last ride for the Dead Man?' quiz

Athletes in other sports (or famous professions) who played in the NCAA Tournament

2016 MLB playoff teams that won't make it back this season

Box Score 3/29: Free hats (Caps fans only)

The 'Are you mentally prepared for 'One Shining Moment'?' quiz

NBA Referee Hotline Bling: Serge Ibaka can't connect

Can the Padres' Christian Bethancourt really succeed at pitcher and catcher?

The Raiders will forever belong to Oakland

The Rewind: George Mason's improbable run to the Final Four

Baseball movies you can stream now to hold you over until Opening Day

Best, worst and hard to stomach MLB offseason moves

Box Score 3/28: Wilt's last game

College Basketball News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Athletes in other sports (or famous professions) who played in the NCAA Tournament

The 'So, is this the last ride for the Dead Man?' quiz

2016 MLB playoff teams that won't make it back this season

The 'Are you mentally prepared for 'One Shining Moment'?' quiz

NBA Referee Hotline Bling: Serge Ibaka can't connect

Can the Padres' Christian Bethancourt really succeed at pitcher and catcher?

The Raiders will forever belong to Oakland

Best, worst and hard to stomach MLB offseason moves

The Rewind: George Mason's improbable run to the Final Four

Baseball movies you can stream now to hold you over until Opening Day

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker