This past week hasn’t been kind to Penn State University or the legacy of former head football coach Joe Paterno.
His role in the handling of the Jerry Sandusky child sex abuse scandal was roundly criticized in a report commissioned by the university’s board of trustees.
On Saturday, the New York Times reported that Paterno renegotiated his contract with the university early last year.
The renegotiation happened right around the time he learned he would have to testify before a grand jury about Sandusky one of his former assistant coaches.
Paterno’s contract with Penn State was set to expire at the end of the 2012 season.
However, according to the Times, Paterno negotiated favorable terms if he retired at the end of 2011 instead.
The terms included a $3 million payout and the forgiveness of loans totaling $350,000 given to him by the university, the use of a private plane, and the use of a luxury box at Beaver Stadium by him and the Paterno family.
Just days after police arrested Jerry Sandusky last November, Paterno announced he would retire at the end of the 2011 season. However, the board of trustees fired Paterno later that night.
After JoePa’s death in January the board gave the Paterno family a package worth about $5.5 million.
On June 30, a jury in Centre County found Jerry Sandusky guilty on 45 counts related to child sexual abuse.
A judge has not yet sentenced him.