Gosh, It’s Almost Like Not Getting Fired at All! Rutgers Payouts to Mike Rice & Tim Pernetti

laughing-menFrom NJ.com (4/6/2013):

Embattled Rutgers athletic director Tim Pernetti was forced to resign today, just two days after head basketball coach Mike Rice got the ax.

Neither will walk away empty-handed.

Pernetti — under a settlement agreement obtained by The Star-Ledger — will be paid more than $1.2 million in return for his resignation. Under the terms of his contract, Rice is entitled to receive more than $1 million.

University officials declined comment on the payouts.

(Read the entire article.)

It makes you wonder if New Jersey’s two top lawmakers would have praised Pernetti’s exit quite so much if they had known about this sweetheart deal.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s