After sex scandal allegations, Falwell is leaving Liberty University with a $10.5M severance package

by Bryan Brammer · Aug 26th, 2020 12:43 pm
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Last Updated Aug 27th, 2020 at 10:14 am

Amid sex scandal allegations involving Jerry Falwell Jr., his wife, and a former business partner, the Liberty University president is leaving the country's largest Christian school with a $10.5 million severance package.

Falwell's contract entitles him to a lucrative compensation package because he is departing the university of his own volition without being formally accused of or admitting to wrongdoing.

He will receive $2.5 million over the next two years and has agreed not to work for a competing university during that time. At the conclusion of two years, he will receive the remaining $8 million in retirement, according to a contract he signed in July 2019.

"The board was gracious not to challenge that," Falwell said of his decision to step down. "There wasn't any cause. I haven't done anything."

The Board of Trustees of Liberty University announced Tuesday that it had accepted Falwell's resignation, "effective immediately."

His resignation comes after he was accused of being involved in a six-year-long affair between his wife, Becki, and a Florida pool boy-turned-business-associate.

Falwell was currently on an "indefinite leave of absence" after a photo of himself with his pants unzipped and his arm around a scantily clad woman who is not his wife circulated on social media.


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