Rutgers AD Tim Pernetti out of job

Tim Pernetti has been let go as Rutgers' athletic director, a source told ESPN's Brett McMurphy on Friday morning.

The move comes two days after men's basketball coach Mike Rice was fired in wake of an "Outside The Lines" report that showed video of Rice shoving and throwing basketballs at his players and using homophobic slurs.

Pernetti came under intense scrutiny for failing to fire Rice when made aware of the coach's behavior last year, with the AD suspending Rice for three games and fining him $50,000.

Make no mistake about it, the loss of Pernetti comes at a bad time for an athletic department that will usher in a new era in the Big Ten starting in the 2014-15 season. Pernetti was instrumental in the move and lauded by many when it was announced this past November. He was even named one of five finalists for athletic director of the year, which is to be presented by Street & Smith's SportsBusiness Journal and SportsBusiness Daily on May 22.

Pernetti was the vice president of CBS College Sports before returning to his alma mater in 2009. He had played tight end for the Scarlet Knights from 1989-93.