Paterno Sought a Juicier Deal

    FILE - In this file photo from Nov. 5, 2005,  Penn State football coach Joe Paterno acknowledges the crowd during warm-ups before the NCAA college football game against Wisconsin in State College, Pa.  Paterno, the longtime Penn State coach who won more games than anyone else in major college football but was fired amid a child sex abuse scandal that scarred his reputation for winning with integrity, died Sunday, Jan. 22, 2012. He was 85.  (AP Photo/Carolyn Kaster, File)

    Carolyn Kaster / AP Photo

    Penn State’s worst year was one of Joe Paterno’s best—at least financially. Over the course of 2011, Jerry Sandusky faced pedophilia scrutiny and his boss, Paterno, testified before the grand jury. But at the same time, he and Penn State’s president were discussing a major payout. Eventually, he agreed to pay Paterno $3 million upon retirement, forgive $350,000 in interest-free loans, and fork over even more generous benefits. The coach was guaranteed use of the university’s private plane and a luxury box at its football stadium; his wife got free use of special massage equipment. Some Penn State board members opposed the payments, but were “quickly shut down,” according to The New York Times.

    Read it at The New York Times