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State College, PA - Penn State coach Joe Paterno is a millionaire.

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Records released Friday by the university show the 82-year-old Hall of Famer is Penn State's highest-paid employee, making more than $1.03 million last year.
That includes his base salary plus any bonuses, but does not include compensation from outside the university. Paterno's total compensation is not a public record.
The records were released in compliance with a Pennsylvania Right-to-Know law that took effect in January.
Paterno's base salary of roughly $500,000 was made public two years ago as part of an open records request of state retirement data.
Paterno signed a three-year contract extension in December. He'll start his 44th year as head coach this fall.

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Posted: 5/30/09 12:15AM ET

 

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