Page 45 - Severance Package News Today : Breaking News, Live Updates & Top Stories | Vimarsana

They don't get a darn thing out of the deal compared to these coaches and everyone else making huge amounts of money off of them. so fair enough, you have a severance package. bhaut about the want to ask yo about what's in his contract. first, stephanie, let me get to you. initially, pernetti tried to keep rice on staff. he fined him $50,000, suspended him for a few games. when he found out about the video in december, then when it became public via espn recently he changed his mind. but only after it went public. so what were they thinking when they came to these terms for the resignation? >>...

He may have lost his job after this video was released by espn which shows former coach mike rice shoving players and bee ra -- berating them with anti-gay slurs. when he became aware of this video in december, according to a settlement agreement will get $1.2 million in salary, a car allowance, more than two years of health insurance, and because i don't want to leave anything out, an ipad and a laptop. all right. this is "outfront." our group joins us g to have all of you. this is a interesting situation. dean, let me start with you. is this a typical severance package for an athletic direct...

A private company. rice was supposed to receive $750,000 for 2013. we reached out to a university spokesperson who tells cnn that details of a severance package for rice are being worked out. there would be more money on the way for rice in addition to the $100,000 bonus he is receiving. >> wow. we also learned that rice is not the only one leaving campus. >> on the heel of rice's firing wednesday, the assistant basketball coach, jimmy martelli resigned, you can see in the video, several incidents of rice's behavior, martelli, and martelli seen aggressively shoving players and one instance whe...

Our third story "outfront," the rutgers basketball scandal is growing. the assistant coach resigned in the head of mike rice being fired. this comes on the same day that disgraced head coach mike rice is receiving a $100,000 bonus as part of his severance package. rice lost his job on wednesday after video surfaced showing him bee rating, shofrg and throwing basketballs at his players during practice along with some anti-gay slurs. cnn's pam brown is "outfront" tonight with the story. >> reporter: he was fired for this. >> you are a. [ beep [ back fairy. punching, grabbing and kicking his play...

>> and jackie deangelis here is on what's moving your money. >> the judge did not approve a $20 million severance package for the outgoing ceo, tom horton. a written decision is expected later. it going to detail the reasoning for that move. but the $11 billion merger was approved by the bankruptcy court. the decision was pretty much expected on wall street. it will be the world's biggest, 6,600 daily flights and revenues in the range of $40 billion. it still needs approval from anti-trust regulators. it's expected to close in the fall. >> and nike taking heat for its new ad with tiger woods. ...