From 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.
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.Follow @ivorytowernews