Veteran Penn State football coach Joe Paterno began talks that resulted in a sweetened retirement contract in the same month that he testified before a grand jury in the Jerry Sandusky sex-abuse case, and all members of the board of trustees weren't informed of the new package before the scandal engulfed the university, according to a published report.
Paterno and the university reached agreement on the amended contract that eventually totaled $5.5 million in August, months before charges were filed against Sandusky, but they began negotiating in January,
The amended contract, which was reported on by The Associated Press in April, included a $3 million career bonus if Paterno retired at the end of the 2011 season, as well as well as forgiveness of $250,000 in outstanding indebtedness and an additional $100,000 in loans.
The package also included access to a stadium box for his family for 25 years as well as parking privileges and access to on-campus hydrotherapy equipment for his wife.
keyboard shortcuts: V vote up article J next comment K previous comment