Somehow amid the early stages of what would turn into the Jerry Sandusky scandal, Joe Paterno and Penn State were able to come to an agreement on a new contract, according to a recent story in the New York Times by Jo Becker.
In January 2011, Paterno learned about the investigation into Sandusky with Paterno testifying in front of a grand jury soon after. During the same month, Paterno negotiated a deal that would pay him $3 million at the end of the 2011 season if he agreed it would be his last. The retirement package included various other perks like usage of the university's private plane over the next 25 years.
The university's board of trustees didn't know about this until 11 months later. After Paterno's passing, his family fought and won the right to receive everything agreed upon and more, eventually receiving a package worth around $5.5 million.