Joe Paterno's salary is no longer one of the most closely guarded secrets in college sports. The Penn State coach will earn more than $500,000 this year.
The State Employees' Retirement System released Paterno's salary Thursday, more than a week after the Pennsylvania Supreme Court ruled that his salary and those of other top Penn State officials are public information.
Paterno was paid $427,220 in the first 10 months of 2007 -- putting his year-end salary on track to be $512,664. He was paid $490,638 last year, according to the retirement system.
"I'm paid well. I'm not overpaid," Paterno said earlier in the day, during an interview with reporters about his upcoming College Football Hall of Fame induction. "I got all the money I need."
But it's not even close to what some other big-name coaches are making. Alabama's Nick Saban is the highest paid coach at $4 million per year, while Oklahoma's Bob Stoops makes over $3 million. Ohio State's Jim Tressel, Florida's Urban Meyer and South Carolina's Steve Spurrier make upward of $2 million annually.
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