Michigan Ends Legends Uniform Program Drake's Pics Draw Univ. Of Kentucky's Ire UAB Football Returning In '17 NCAA Giving $18.9M To D-I Schools Bob Bowlsby Happy With Big 12 Setup ACC To Let Schools Handle Punishments Sun Belt Wants Fewer Big-Money CFB Games Patterson Quashes Reports Of Texas Issues C-USA Commish Stepping Down For CFP Role Harbaugh's Arrival Impacting Michigan Ticket Sales
SBD/Issue 112/Collegiate Sports
Tim Pernetti Officially Introduced As Rutgers Univ. AD
Published February 27, 2009
|Pernetti Agrees To Five-
SIGNED, SEALED, DELIVERED: In Atlanta, Darryl Maxie reports newly-hired Georgia State Univ. (GSU) AD Cheryl Levick, who was introduced by the school Wednesday, signed a five-year contract that "could pay her up to $1.41[M]." The contract "calls for a base salary of $220,000 annually, but also provides up to $50,000 a year for attaining yet-to-be-negotiated performance goals, and a $6,000-a-year car allowance." The contract also "pays Levick $30,000 for relocating from Maryland, where she was second in command in the athletics department" at the Univ. of Maryland. If Levick is "terminated without clause, she will be paid half of her 'guaranteed base salary,'" and if Levick "leaves GSU in the first three years of her contract, she would owe the university $440,000, or twice her base salary." If Levick were to leave "in the fourth or fifth year, she would owe the school only $220,000, one year's salary." Maxie notes GSU also "would have the option of extending Levick's contract for two years after Feb. 28, 2012" (ATLANTA CONSTITUTION, 2/27).