Ex OSU Football Coach Jim Tressel Won't Be Fined $250K, Will Be Allowed to Retire
Backing off on earlier statements that it would impose a $250,000 fine on former football coach Jim Tressel for violating National College Athletic Association rules, officials at Ohio State University have agreed to let him retire instead of resign, his lawyer, Rex Elliott, announced today.
And they have also agreed, instead of fining him, to pay him a little over $52,000, the money he would ordinarily have earned by June 30, reports the Columbus Dispatch.
The NCAA issue revolves around charges that players got impermissible benefits for providing sports memorabilia and that Tressel did not timely reveal his knowledge of the situation to OSU officials.
Meanwhile, in negotiations with the NCAA, the university has agreed to vacate all of its 2010 football wins, including a controversial Sugar Bowl victory, reports USA Today.
Earlier coverage:
ABAJournal.com: “Criminal Defense Lawyer Whose Tip Led to OSU Football Coach’s Resignation Faces Related Ethics Case”
