WTH - Penn State pays Paterno family under his contract
HARRISBURG, Pa. (AP) - Penn State has agreed to provide millions in payments and benefits to Joe Paterno's estate and family members under the late football coach's employment contract, although a family lawyer says the Paternos did not sign away their right to sue.
The school turned over four checks Thursday worth more than $3 million for bonuses that covered the season, bowl game and entire career, according to a university spokeswoman.
A breakdown provided by Penn State included the use by Paterno's family of a Beaver Stadium suite for 25 years and $900,000 from television and radio revenue from last season. Half the broadcast revenues were paid in February, and the rest will be paid later this year, the school said.
Paterno family lawyer Wick Sollers issued a statement Thursday saying there has been no settlement but rather "a straightforward payment of moneys indisputably owed to the Paterno estate. The university had requested that the family agree to a full release in return for the payments under the contract. That request was declined and no release was signed."
more . . . http://www.kctv5.com/story/17589617/penn-state-pays-millions-to-paternos-estate
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