Disgraced Rutgers former athletic director's golden parachute

After ignoring player abuse, Tim Pernetti will get $1.2 million, an iPad and a Rutgers-funded car allowance


Katie McDonough
April 8, 2013 10:05PM (UTC)

After watching a video of basketball coach Mike Rice physically abusing players and berating them with anti-gay slurs, former athletic director Tim Pernetti recommended that Rutgers University suspend Rice for three games and fine him $50,000.

It was only after the video became public that Pernetti made the decision to fire Rice. Outrage ensued over the shameful lack of accountability from the administration and athletic department, leading Pernetti to resign last week -- with a very, very cushy settlement package.

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As the Associated Press reports:

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...

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.

 

 


Katie McDonough

Katie McDonough is Salon's politics writer, focusing on gender, sexuality and reproductive justice. Follow her on Twitter @kmcdonovgh or email her at kmcdonough@salon.com.

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