Jerry Falwell Jr. could be awaiting about $10.5 million from Liberty University following his resignation from the conservative Christian school amid a steamy sex scandal, a report said.
The evangelical powerhouse is due $2.5 million, constituting two years of his salary, plus a one-time payment of roughly $8 million as part of a contractual clause giving Falwell full pay if he resigned with restricted responsibilities, the source told the paper.
Liberty University’s board of trustees, who unanimously voted Tuesday to accept Falwell’s resignation, had also said in a statement the former president would receive his full severance package.
Jerry Falwell Jr., president of Liberty Univ. & a champion of President Trump, has resigned after the publication of a news story that alleged he and his wife Becki had a years-long sexual relationship with a business associate, via Religion News Service. https://t.co/SDSYByh6ag
— Yamiche Alcindor (@Yamiche) August 24, 2020
Jerry Falwell Jr. has resigned as president of Liberty University, Religion News Service has learned. https://t.co/T7JJ0ylvuY
— Kyle Griffin (@kylegriffin1) August 24, 2020