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Source: Rutgers, Hill settle for $850K

Updated: April 19, 2010, 10:32 PM ET
ESPN.com news services

NEWARK, N.J. -- After nearly two weeks of negotiations, Fred Hill has accepted a settlement and resigned as Rutgers basketball coach.

Athletic director Tim Pernetti refused Monday night to disclose the amount of the settlement that averted a probable lawsuit by Hill.

A source told ESPN.com's Dana O'Neil that the settlement was worth $850,000 plus incentives.

Rutgers had threatened to fire Hill because of a number of issues, including some related to his involvement in ...

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