Two Big Stories: Rutgers covered up Rice for B1G

[CL82]

I dont know if it is true, but it is around that the AD was acting on the advice of the schools legal council.

If that is true, how do you fire the AD and not get into a wrongful termination suit?

This has the the answer. BTW - not renewing a contract probably not open to a wrongful termination suit.

 

[huskymedic]

Buyers remorse? Not publicly anyways but this has entertainment value:

Jim Delany can't be happy with the baggage Rutgers brings to the Big Ten
http://www.nj.com/rutgersbasketball/index.ssf/2013/04/jim_delany_cant_be_happy_with.html

>> "Jim Delany must feel like a new homeowner who, just five months after moving in, discovered the sinkhole in the backyard, the leak in the boiler and the rampant termite problem. This is who he invited into his posh neighborhood?

The Big Ten is no stranger to scandal, but this is the first time a school will drag its baggage through the front door. Delany issued a bland statement Friday about the raging dumpster fire Rutgers has become, promising it would “have no impact on Rutgers’ transition to, or membership in, the Big Ten Conference.”

Maybe all he ever cared about are those precious cable boxes – and hey, in that context, Rutgers sure did end up on a lot of TV sets this week. But even if that was the primary motivation, he has to be wondering what he got himself and his league into by invading New Jersey" <<

>> "This whole episode really makes you wonder if Rutgers has the savvy or the stomach for big-time athletics. This was a problem that could’ve been solved months ago with a checkbook, either by paying Eric Murdock to take his videotape and go away or to swallow the rest of Rice’s contract and cut ties with him."<<

 

[jrazz12]

Ching...

http://www.nj.com/news/index.ssf/2013/04/mike_rice_tim_pernetti_rutgers.html

"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."

"...In a deal signed this morning, Pernetti agreed to voluntarily leave in exchange for a significant buyout package. The term sheet, obtained by The Star-Ledger through an Open Public Records Act request, will pay the athletic director his full base contractual salary, annualized at $453,000 through June 2014 — in addition to any bonuses based on the academic progress of students, financial goals and competitive success of any of the school’s revenue sports.

He will also receive another lump-sum payment equivalent to another year and a half of salary .

A $12,000 annual automobile stipend will continue to be paid as well through June 2014, along with health and pension benefits through October 2015. He also gets to keep his iPad and laptop computer. The package was worth more than $1.25 million, not including bonuses."

Article includes a copy of TP's settlement and release of claims.

Well at least he gets to keep his iPad.

It would have been a damn shame if he had to give that up