Ex-Rutgers AD gets $1.2 million in settlement
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NEW BRUNSWICK, N.J. — 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.
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.
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