Monday, July 29, 2013

Ex-president Gordon Gee gets huge retirement deal from Ohio State

Ohio State announced a $5.8 million retirement package for former president Gordon Gee. (USATSI)

The Ohio State Buckeyes have agreed to a retirement package with former president Gordon Gee worth a whopping $5.8 million. The deal comes after Gee was basically forced to retire after he made some controversial comments about Notre Dame, Catholics, and the SEC, among others, in June.

On Monday, the school announced a five-year contract for Gee that includes a one-time payment of $1.5 million and an annual salary of $410,000. Yes, all of that for deciding to call it quits and hang up his signature bow tie.

The package also gives Gee a $300,000 annual grant for research on 21st-century education policy.

Gee, who holds a law degree from Columbia, now serves as a full-time professor in the university's College of Law, which is a part of his retirement deal, as well.

Gee served as Ohio State's president for two different stints, 1990-1997, and 2007-2013. Gee was credited in helping strengthen the school's long-term financial situation during his tenure as chief. However, it was the comments made during a meeting of the Ohio State Athletics Council last December that folks may remember him by.

In the meeting, Gee talked about the Big Ten courting Notre Dame for membership, saying, "You just can't trust those damn Catholics." Gee also made jokes about schools in the SEC, saying, "You tell the SEC when they can learn to read and write, then they can figure out what we're doing." He even made comments about Big Ten commissioner Jim Delany, saying, "We need to make certain he keeps his hands out of our pockets while we support him."

Gee apologized for his remarks in June after audio surfaced on the internet. But it was a classic case of too little and too late.

"I have apologized for those remarks and feel incredibly sorry, but I have moved on."

Yeah, Gee has moved on, and so has his bank account.

Via CBS Sports