Contact Us

Pernetti Gets $1 Million Payout [VIDEO]

Tim Pernetti will receive a $1.2 million payout from Rutgers University as part of the terms of his contract in the wake of yesterday’s resignation.

The Star Ledger reports that Pernetti’s signed a buyout package that includes

  • His full salary annutized at $453,000 through June 2014
  • Lump-sum payment equivalent to another year and a half of salary.
  • Bonuses based on the academic progress of students, financial goals and competitive success of any of the school’s revenue sports.
  • $12,000 annual automobile stipend
  • Health and pension benefits through October 2015.
  • Ipad and laptop
Tim Pernetti speaks to reporters outside his Oakland home
Tim Pernetti speaks to reporters outside his Oakland home (WNYW TV)

Pernetti resigned on Friday following the release of video showing men’s basketball coach Mike Rice throwing basketballs at his players and showing obscenities and gay slurs during various practices in footage supplied by former Director of Player Development Eric Murdock.

Rice received a $100,000 bonus when he was fired on Wednesday.

Doing What’s Best For Rutgers

Wearing a blue jacket with a Rutgers red “R” in the lapel, Pernetti briefly spoke to reporters outside his Oakland home, “It’s a really sad day for a lot of people, including me and my family,” Pernetti said. “I always have and I always will, no matter what, want what’s best for Rutgers.”

His wife told reporters gathered at the bottom of their driveway that Rutgers was losing “the best athletic director they’ll ever have.”

 

 

 



More from 105.7 The Hawk

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://1057thehawk.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on 105.7 The Hawk quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on 105.7 The Hawk quickly by logging in with your Facebook account. It's just as secure, and no password to remember!