Penn State University has released the official salary of Joe Paterno and the news is BIG. Really BIG.

And why? Because it’s… get this… $512,664.

No missing digits here.

The provost at the University of Alabama should be weeping by now. And the folks at the University of South Carolina should demand a refund from Spurrier (if, for no other reason, than the fact that their team sucks this year – sorry, Rob!).

Now, I’m not sure what other kind of compensation JoePa gets. But I don’t care. Before I moved to Pennsylvania, I thought that Penn State was a motor oil (long story, I’m from ACC country). But I have much admiration for the positive press that Joe Paterno has brought to the university – for a mere half million a year.

Yes, it’s a lot for coaching, relatively speaking. But it pales in comparison to the monster coaching salaries at other universities.

Maybe Paterno and the rest of the Nittany Lions actually remember that the “U” stands for university. As in education. And not training camp for pro ball.

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Kelly Erb is a tax attorney, tax writer and podcaster.

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