D-I Schools May Seek Antitrust Exemption UNLV AD Working Toward Better Finances NCAA Concussion Settlement Faces Scrutiny SMU Sees $350K In Beer, Wine Sales For Hoops NCAA Settles Concussion Lawsuit Big Ten's Delany Addresses Push For Autonomy Q&A With Michigan AD Dave Brandon Barbour The First Female AD At Penn State UNC Unveils Plan For Former Athletes To Graduate C-USA Set To Offer Full Scholarships To Athletes
Upcoming Conferences and Events
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).