Former Liberty University President Jerry Falwell Jr. will get a $10.5 million severance package from the school after he resigned amid a sex scandal, The Washington Post reports.
The evangelical Trump supporter told the outlet that his contract entitles him to $10.5 million in severance.
He is expected to receive $2.5 million over two years, which is equivalent to his annual salary for that time, and another $8 million in retirement after the two years.
In exchange, Falwell agreed not to work at a competing university during the first two years.
“The board was gracious not to challenge that,” he told the Post. “There wasn’t any cause. I haven’t done anything.”
Resignation comes after allegation:
The resignation, which was announced while Falwell was already on leave after posting embarrassing photos of himself on Instagram, came after Giancarlo Granda, a longtime business associate, alleged that he had a yearslong affair with Becki Falwell while Jerry watched.
Both Jerry and Becki Falwell denied to the Post that Jerry was involved in the affair.
Falwell accused Granda of trying to extort the couple.
Granda calls Falwell a “predator”:
Granda responded to Falwell’s claim by calling him a “predator” and said Falwell sent him an image of a female Liberty student exposing herself at his farm.
Falwell told the Post that Granda may have been referring to an incident when his daughters-in-law and a friend were using their guest house and the friend pulled up her skirt as a joke. He insisted it was not sexual.
Falwell added that he was glad to move on from the university founded by his father.
“The quote that keeps running through my mind is Martin Luther King Jr., ‘Free at last. Free at last. Thank God almighty, I’m free at last,’ ” Falwell said.