Jeronimo Yanez will be paid the money in a lump sum, minus applicable deductions and withholdings for state and federal taxes.
Under the five-page agreement released through a public records request, the Minneapolis suburb of St. Anthony also will pay Yanez for up to 600 hours of accrued and unused personal leave pay. The agreement, which has yesterday's date, doesn't say how much time he has accrued.
Yanez shot Castile, a 32-year-old elementary school cafeteria worker, several times during a traffic stop after Castile told the officer he was armed. Castile had a permit for his gun. The shooting gained widespread attention after Castile's girlfriend, who was in the car along with her then- 4-year-old daughter, livestreamed its gruesome aftermath on Facebook.
Yanez, 29 and Latino, was acquitted of manslaughter and other charges in June. On the day of the verdict, the city announced the "public will be best served" if Yanez were no longer an officer. The city said Monday that the agreement "ends all employment rights" for Yanez.
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Under the agreement, the city is released from lawsuits by Yanez. He was given 10 days to consider and sign the agreement and has 15 days to rescind it in writing. The agreement noted the official "date of separation" as June 30.
Castile's uncle, Clarence Castile, said he's glad Yanez will no longer be an officer.
"He should be in jail," the uncle said. "He's like a fish that wiggled his way off a hook. ... Hopefully he won't be able to get a police job in the United States. Because he's a poor example of a police officer."
Yanez's acquittal led to days of protests, including one in St. Paul that shut down Interstate 94 for hours and ended with 18 arrests. At a recent city council meeting, residents of St. Anthony called on the city's mayor to resign.
The Associated Press examined several high-profile fatal police shootings and found severance or separation agreements for officers to be unusual. In some cases, officers were fired outright. In many cases where charges were not brought or officers were acquitted, they have remained on the job.
In the August 2014 shooting of 18-year-old Michael Brown, who was unarmed and black, Ferguson, Missouri, police officer Darren Wilson did not receive a severance package when he resigned. Wilson was not charged in Brown's death, which led to months of sometimes violent protests and became a catalyst for the national Black Lives Matter movement.
Chicago officer Dante Servin resigned last year just days before a hearing to determine if he should be fired for the 2012 shooting of Rekia Boyd, an unarmed 22-year-old black woman. Servin, who was acquitted of involuntary manslaughter, has since asked for disability pay for post-traumatic stress disorder.
A decision on whether he qualifies for that pay, which could amount to tens of thousands of dollars, is pending.