Falwell May Get $10.5M Golden Parachute From Liberty

Talking Points Memo reports:

Liberty University may owe its former president Jerry Falwell Jr. roughly $10.5 million over the next two years following his resignation from the evangelical institution after a series of scandals.

The Wall Street Journal reports that a source familiar with Falwell’s contract said the former university president is due his $1.25 million salary for two years. Falwell is then entitled to a lump-sum of $8 million due to a clause in his contract that allowed him to resign with full pay after he was put on an indefinite leave of absence two weeks ago.

Falwell, who is also one of President Donald Trump’s most prominent evangelical supporters, will likely consult for the school during its period of transition to new leadership, the source told The Wall Street Journal.