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

Nerlens Noel late for Mavs team plane, loses chance to start

Ex-NFLer Will Allen sentenced to six years in prison for Ponzi scheme

Five Richmond baseball players suspended for playing fantasy football

Kristaps Porzingis: Knicks should have used triangle all season

‘Game of Thrones’ theme nights are coming to MLB

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Saban turned down interest from six NFL teams

Browns will listen to offers for first pick in 2017 NFL Draft

Rams officially place franchise tag on Trumaine Johnson

11-year-old writes letters to NBA teams to tout Monmouth player

Doug Marrone affirms that Blake Bortles is Jaguars’ quarterback

Dan Quinn says he's never got over the Falcons' Super Bowl LI collapse

With Joel Embiid out, who should win Rookie of the Year?

Box Score 3/1: It's all about Durant and his knee

The 'Simone Biles vs. Mr. T dance-off you didn't know you wanted until now' quiz

NBA Referee Hotline Bling: Daryl Morey burns up the phone lines

The top 10 MLB left fielders headed into spring training 2017

It's time for Satchel Paige Day in Major League Baseball

The best sports movies available to stream right now

As NHL trade deadline nears, seven teams who could be dealing

Box Score 2/28: Fat Tuesday means athletes on floats.

Biggest surprises and disappointments of the NBA season

Top 10 shortstops in baseball for 2017

The most dangerous NBA teams flying under the radar

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

With Joel Embiid out, who should win Rookie of the Year?

NBA Referee Hotline Bling: Daryl Morey burns up the phone lines

The 'Simone Biles vs. Mr. T dance-off you didn't know you wanted until now' quiz

The top 10 MLB left fielders headed into spring training 2017

QUIZ: Name every MLB pitcher to win 20 or more games in the 1980s

As NHL trade deadline nears, seven teams who could be dealing

It's time for Satchel Paige Day in MLB

The best sports movies available to stream right now

Biggest surprises and disappointments of the NBA season

QUIZ: Name every MLB pitcher to win 20 or more games in a season since 2000

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