HARRISBURG PATRIOT-NEWS: … According to a release posted by the school’s administration this evening, the Paterno family is owed more than $5.5 million in cash and other benefits under the terms of Paterno’s contract…
The terms of the proposed settlement include a $3 million “career bonus” to be paid upon Paterno’s retirement; the use of a Beaver Stadium suite by the family for 25 years; a $900,000 cut of television and radio revenue from the 2011 season; and about $500,000 in other bonuses and salary payments due from last season.
It was not immediately clear if the settlement had been agreed to by the Paterno family, though the university’s release indicated it had… (more)
