"Joe's salary from PSU was $500k and he was making a lot more money off the Nike contract. Again, I'm not in any way suggesting he did that and I'm certainly not suggesting he did it over money, but I understand why it is so easy for people to believe it. When football and basketball coaches at state schools are the highest paid employees in the state ,it is easy to understand the cynicism. "
The urban legend lives and on Wikipedia too: http://en.wikipedia.org/wiki/Joe_Paterno
The Pennsylvania State Employees' Retirement System (SERS) revealed Paterno's salary in November 2007: $512,664. He was paid $490,638 in 2006. The figure was not inclusive of other compensation, such as money from television and apparel contracts as well as other bonuses that Paterno and other football bowl subdivision coaches earned, said Robert Gentzel, SERS communications director. The release of these amounts can only come at the university's approval, which Penn State spokeswoman Lisa Powers said will not happen. "I'm paid well, I'm not overpaid," Paterno said during an interview with reporters Wednesday before the salary disclosure. "I got all the money I need".[citati
This article presents the PSERS’s calculation of the maximum pay on which they will calculate a pension. It does not mean the number used was the total pay the person received, just that the persons wage may have exceeded the PSERS maximum to calculate a pension. This is exactly why while I occasionally use Wikipedia as quick and dirty source of info I never trust it on any factual data until it is confirmed from a non biased outside source.
Joe made over a million annually from Penn State as the IRS filling below shows. I provided two sources, not that it was necessary, but to show that the urban legend of misinformation is not so widespread as to completely obscure fact and the fact that I just learned you can't post more than three links in an article on this site.http://deadspin.com/5857629/joe-paternos-annual-compensation-is-200000-higher-than-the-psu-presidents-and-other-grotesqueries
(this link has the IRS filing from PSU showing that Joe was the highest paid person in the PSU system at over a million in compensation)
This is not a shot a Joe as he was not compensated to the level commensurate with his status in the industry. It is a proof that urban legends have legs and if they are repeated enough they are taken as fact. Much like other info we discussed recently.
Ambrose Bierce (1842-1914): "An election is nothing more than the advanced auction of stolen goods."