UNC To Pay Duke For $25,000 In Damages Plank Discusses His Relationship With Alma Mater Brandon Got Fundraising Job Done At Michigan New Fresno State AD Lays Out Agenda Ohio State Topping Michigan In CFB Attendance Swofford Pushing For Eight-Team Playoff Top FBS Coach Salaries Doubled Since '06 Arizona State To Add D-I Men's Ice Hockey Clemson Wants Student Input On Athletics Fees UNC-Charlotte Football Attendance Decreasing
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).