Horton's PERS costs to approach Bellotti's?
Bellotti was able to take advantage of a variety of loopholes - including a well timed divorce and remarriage, plus payments based on Nike earnings for which no contributions were made - to get a budget busting $500,000 a year PERS payoff. Ted Sickinger of the Oregonian did an amazing investigative story on that last year, after the Oregonian sued PERS for the data. The always well informed Hannah Hoffman explains that b-baller coach George Horton won't get the same special benefits, due to recent federal reforms. Meanwhile all of us in the 57% are paying for Bellotti, and will be for a long time. The state recently announced huge increases in the cost of covering past PERS largess, the Oregonian has covered this in detail, one story here.