New York Times: Paterno Negotiated Contract so 2011 Would be Final Season
Around the time Joe Paterno testified before a grand jury regarding his knowledge of allegations of sexual assault against Jerry Sandusky, he started negotiating his coaching contract so that he would agree to retire following the 2011 season.
A deal was reached between Paterno and then-president Graham Spanier last August, three months before the state attorney general’s office dropped its 23-page grand jury report, according to the New York Times.
Paterno’s contract, the report said, was set to expire following the 2012 season.
The Times, citing university records, said Paterno first expressed a desire to revisit his contract in Jan. 2011, around the time he learned he had been subpoenaed to testify before the grand jury.
Paterno, recently implicated in covering up Sandusky's abuse by an independent investigation into the scandal, was fired Nov. 9 and passed away a little less than three months later because of complications from lung cancer treatments.
The Paterno family received $13.4 million in pension payments from the State Employees Retirement System. Aside from the pension, the family received $7 million in retirement benefits and payments from Penn State, including a $3 million retirement bonus.
The university tossed in some extras benefits the family demanded, according to the Times, such as the use of specialized hydrotherapy massage equipment at the Lasch Football Building for Sue Paterno.