Rutgers reaches $450K settlement with Mike Rice

FILE - In this Jan. 17, 2013 file photo, Rutgers head coach Mike Rice reacts to play during the first half of an NCAA college basketball game against South Florida in Piscataway, N.J. Rutgers has fired Rice after a videotape aired showing him shoving, grabbing and throwing balls at players in practice and using gay slurs during practice. With mounting criticism on a state and national level, the school decided to take action on Wednesday, April 3, 2013. relieving Rice of his duties after three largely unsuccessful seasons at the Big East school. (AP Photo/Mel Evan, File)

TRENTON, N.J. (AP) -- Rutgers University says fired men's basketball coach Mike Rice is receiving $475,000 under a settlement agreement.

Word comes Thursday, the same day University President Robert Barchi told a New Jersey Assembly budget plan that he didn't believe the disgraced coach was entitled to a severance.

Rice was fired a little more than two weeks ago after a video of him throwing basketballs at players during practices, shoving them and uttering anti-gay slurs was shown on ESPN.

The scandal also led to the departure of the university's lawyer and athletic director.

The university says Rice's settlement is worth less than half of what's called for under his contract for being terminated.

Barchi says the agreement "is in the best interests of the university."

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