Showing posts with label la republica peru. Show all posts
Showing posts with label la republica peru. Show all posts
OSU doesn't have to pay Tressel anything
Monday, 30 May 2011
COLUMBUS, Ohio -- The resignation of coach Jim Tressel on Monday means Ohio State does not have to pay him another penny of his estimated $3.5 million annual salary.
According to the contract, which runs through the 2014 season, Tressel "shall not be entitled to receive any further compensation or benefits under this agreement" if he resigns.
Ohio State spokesman Jim Lynch said Monday that he was unaware of whether a buyout or severance package was part of Tressel's resignation.
An addendum to the contract does permit Tressel, if he resigns for any reason, to become an associate athletic director at a salary of $150,000 per year. Section 5.3f does stipulate that Ohio State can void that portion of the agreement.
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