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NCAA could fine Penn State as much as $60 million as part of Sandusky sanctions
CBS Sports ^ | July 22, 2012 | Jerry Hinnen

Posted on 07/22/2012 5:38:52 PM PDT by Zakeet

The NCAA will fine Penn State at least $30 million and perhaps as much as $60 million for its involvement in the Jerry Sandusky scandal, industry sources told CBSSports.com's Brett McMurphy.

The record fine will go toward an endowment for children's causes, sources said.

"This is a fine like no fine before," an industry source told CBSSports.com.

CBSSports.com's Dennis Dodd has reported Penn State will face "significant penalties that could severely damage the football program's ability to compete" when the NCAA announces sanctions against the football program at a 9 a.m. news conference Monday.

To put the fine in perspective, Penn State's athletic department had $116 million in revenue for the 2010-11 school year, the most recent data available according to figures from the U.S. Department of Education's Equity in Athletics.

A source told CBS News correspondent Armen Keteyian that Penn State will suffer "unprecedented" punishment for its collective failure to report Sandusky, recently convicted on 45 counts of sexual abuse, to the proper authorities.

"I've never seen anything like it," the source told Keteyian, indicating that both the football program and the school itself would face sanctions.

Per Dodd, a person with knowledge of the process said there is a way to impact Penn State's competitive ability in football without applying the so-called “death penalty.” That term could be mere semantics by the time the NCAA sanctions are announced according to a source. Penn State, the source said, may prefer the death penalty.

[Snip]

David Jones of the Patriot-News reported that regardless of the severity of the sanctions, "they will not be appealed or substantively challenged." According to Jones, the university is "desirous of a positive relationship with the NCAA in the future" and won't jeopardize that relationship with an appeal.

(Excerpt) Read more at cbssports.com ...


TOPICS: Education; History; Local News
KEYWORDS: absolutemorals; homosexual; ncaa; pennstate
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1 posted on 07/22/2012 5:39:05 PM PDT by Zakeet
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To: Zakeet

60 million. My goodness I didn’t know buggery could be sucha good business haul.


2 posted on 07/22/2012 5:43:43 PM PDT by healy61
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To: healy61

Me thinks it’s more the NCAA finding a weak excuse to fill the expense accounts of its executives.


3 posted on 07/22/2012 5:48:12 PM PDT by Calvin Locke
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To: Zakeet; All
(Well, can't Penn State just have a stadium yard sale...and sale the stadium yard by yard?)

And then they can move on to a campus yard sale...and sale it piece by piece...and then donate all proceeds to Sandusky's victims...

4 posted on 07/22/2012 5:49:36 PM PDT by Colofornian (Saying Mitt would keep past political promises is like prophesying that Gumby won't bend anymore)
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To: Zakeet

That’s more than Penn State is worth.


5 posted on 07/22/2012 5:50:46 PM PDT by SkyDancer ("Ambition Without Talent Is Sad - Talent Without Ambition Is Worse")
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To: Calvin Locke
...the NCAA finding a weak excuse to fill the expense accounts of its executives.

A weak excuse???

If ya wanna 'cuse the NCAA of finding an excuse, be my guest. But this is no weak excuse...pretty strong reasoning behind it.

6 posted on 07/22/2012 5:51:31 PM PDT by Colofornian (Saying Mitt would keep past political promises is like prophesying that Gumby won't bend anymore)
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To: Calvin Locke

Wonder if obamma can figure a way of getting the bulk of the moola as a campagin contribution


7 posted on 07/22/2012 5:51:41 PM PDT by shadeaud ( “Pray for Obama. Psalm 109:8”. Just doing my duty a Christian)
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To: Zakeet
Another to big to fail category is found
8 posted on 07/22/2012 5:52:10 PM PDT by razorback-bert (I'm in shape. Round is a shape isn't it?)
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To: SkyDancer

Penn State 2011 endowment: 1.83 Billion


9 posted on 07/22/2012 5:54:03 PM PDT by EEGator
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To: Zakeet; All

The NCAA should just clip off the East side of the Big 10...’tween Penn State and the University of Indiana’s cover-up and pedo sexploitation of those linked with Kinsey’s “researchers”...the Big 10 is one THE most embarrassing presence in the NCAA today.


10 posted on 07/22/2012 5:55:03 PM PDT by Colofornian (Saying Mitt would keep past political promises is like prophesying that Gumby won't bend anymore)
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To: Zakeet
So where is the money going to come from to pay the fine?

Increased sport ticket sales or let me guess, taxpayers in the long run...

11 posted on 07/22/2012 5:56:10 PM PDT by EGPWS (Trust in God, question everyone else)
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To: EEGator

Death penalty for paying players.

Money payoff for raping children.

NCAA is a joke.


12 posted on 07/22/2012 5:56:21 PM PDT by TigerClaws
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To: Zakeet

why is the NCAA fining and punishing students who had nothing to do with it?

why isn’t this a CRIMINAL case 100%?


13 posted on 07/22/2012 5:56:20 PM PDT by Mr. K ("The spread of evil is the symptom of a vacuum [of good]")
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To: Calvin Locke; Colofornian

bingo....if you’ve ever dealt with the NCAA or played big time IA sports (i have) you know how full of sh!t the NCAA is...

they will use the Sandusky affair to fill their own bank accounts and may give a pittance to the victims or victims groups to make themselves feel better...


14 posted on 07/22/2012 5:57:20 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: Zakeet

I’m waiting for Brian Ross to report that the Tea Party had some involvement in this.


15 posted on 07/22/2012 5:58:24 PM PDT by Riptides
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To: Zakeet

The NCAA wants to get some money before the lawsuits start coming in. It might be one thing if it were to distribute the money among the victims, but they won’t. Instead they’ll just set up some self-serving program and wave it before a gullible public who will think that they are actually doing something.


16 posted on 07/22/2012 6:01:51 PM PDT by Uncle Chip
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To: Zakeet
To put the fine in perspective, Penn State's athletic department had $116 million in revenue for the 2010-11 school year, the most recent data available according to figures from the U.S. Department of Education's Equity in Athletics.

Penn State has plenty of wealthy alumni who are Joe Paterno apologists, and who won't mind coughing up the money to help the athletic department get over that little bump.

A fine will not harm Penn State's athletic department. Now what they do on Monday is another story. I personally question whether the NCAA has the guts to really send a lesson to Penn State. I don't believe they do.
17 posted on 07/22/2012 6:02:48 PM PDT by af_vet_rr
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To: TigerClaws

They’ll just raise tuition and screw the students.

More than just Sandusky need to go to jail for this.


18 posted on 07/22/2012 6:03:39 PM PDT by EEGator
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To: South Hawthorne; brityank; Physicist; WhyisaTexasgirlinPA; GOPJ; abner; baseballmom; Mo1; Ciexyz; ..

PA Ping!

If you want on/off the PA Ping List, please freepmail me. Thanks!


19 posted on 07/22/2012 6:05:05 PM PDT by randita (Either the politicians fix our fiscal insanity, or the markets will.)
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To: Mr. K; All
why is the NCAA fining and punishing students who had nothing to do with it?

You know, an Ivy League degree has usually wielded a higher price tag than degrees from other universities.

Well, the reverse is NOW true (from here on out) re: Penn State. If you show lack of discernment and pay tuition to Penn State -- Ped U -- then you're essentially "buying" a degree whose value has just been "yard saled." You're buying a degree that's not just been tossed in the toilet, but tossed in the sewer!

So, ANY students continuing on @ Penn State -- or about to at some point join the Nittany Lion bandwagon -- have of their own volition ... minus anything the NCAA does or doesn't do ... an extremely "discounted" degree (in the eyes of the public & hiring managers).

Penn State needs to simply dwindle...and go away...

20 posted on 07/22/2012 6:06:50 PM PDT by Colofornian (Saying Mitt would keep past political promises is like prophesying that Gumby won't bend anymore)
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To: TigerClaws
Death penalty for paying players.

Money payoff for raping children.

NCAA is a joke.


But you're being so harsh. All Paterno and the others did was let a homosexual pedophile rapist continue to use their facilities to prey on little boys.

But giving a $40,000 car to a player who helps sell $10s of millions of dollars worth of tickets and advertising every year? You gotta shut that place down.
21 posted on 07/22/2012 6:07:01 PM PDT by af_vet_rr
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To: EEGator

It was meant as a joke. Sorry I didn’t put the /sarc at the end.


22 posted on 07/22/2012 6:07:23 PM PDT by SkyDancer ("Ambition Without Talent Is Sad - Talent Without Ambition Is Worse")
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To: EEGator

It was meant as a joke. Sorry I didn’t put the /sarc at the end. But then, maybe it’s only worth 60 million. That 1.83 billion was sent into a black hole.


23 posted on 07/22/2012 6:08:22 PM PDT by SkyDancer ("Ambition Without Talent Is Sad - Talent Without Ambition Is Worse")
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To: Mr. K

It is a criminal case. The former president of the University is going to jail... After his trial.


24 posted on 07/22/2012 6:08:31 PM PDT by Shanty Shaker
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To: SkyDancer

My bad, I should have figured that. Too much coffee today. :)


25 posted on 07/22/2012 6:09:39 PM PDT by EEGator
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To: healy61
Penn State University ranked 3rd in the nation in earnings from their football program for 2009-2010, showing a total revenue of over $70 Million dollars, and posting a clear profit of over $50 Million.

Just the football program. I wonder how much might be in other endowments.

The Kenyan must go.

26 posted on 07/22/2012 6:10:29 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: Zakeet
Since when has an organization like the NCAA had the power to levy a fine such as this? I can see sanctions and prohibiting athletic scholarships etc., but a fine? I would like to think that only a court had this power.
27 posted on 07/22/2012 6:11:52 PM PDT by BatGuano (You don't think I'd go into combat with loose change in my pocket, do ya?)
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To: BatGuano; All
Since when has an organization like the NCAA had the power to levy a fine such as this? I can see sanctions and prohibiting athletic scholarships etc., but a fine?

Oh, with Penn State's personality cultists willing to open their checkbooks, this amount is a drop in the bucket. (Just chock it up as an "ante up" fee for Penn State's willingness to join THE pedophile conference)

28 posted on 07/22/2012 6:27:39 PM PDT by Colofornian (Saying Mitt would keep past political promises is like prophesying that Gumby won't bend anymore)
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To: EEGator

No wurries - :)


29 posted on 07/22/2012 6:28:36 PM PDT by SkyDancer ("Ambition Without Talent Is Sad - Talent Without Ambition Is Worse")
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To: Zakeet

I am a PSU fan. Have been since my youngest years.
PSU isn’t going to dwindle away.
It’s a great school. The Sandusky crimes, and those of the officials who didn’t do all they could to stop him, are the crimes of those who participated. Collective punishment stinks and any so-called ‘’conservative’’ who pushes collective guilt and punishment is welcome to kiss my lily white tookus.
Because a few dirtbags failed, are we to flog the entire community?
Let those who did the crimes do the time.


30 posted on 07/22/2012 6:31:24 PM PDT by Thumper1960 (A modern so-called "Conservative" is a shadow of a wisp of a vertebrate human being.)
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To: Zakeet

I am a PSU fan. Have been since my youngest years.
PSU isn’t going to dwindle away.
It’s a great school. The Sandusky crimes, and those of the officials who didn’t do all they could to stop him, are the crimes of those who participated. Collective punishment stinks and any so-called ‘’conservative’’ who pushes collective guilt and punishment is welcome to kiss my lily white tookus.
Because a few dirtbags failed, are we to flog the entire community?
Let those who did the crimes do the time.


31 posted on 07/22/2012 6:31:38 PM PDT by Thumper1960 (A modern so-called "Conservative" is a shadow of a wisp of a vertebrate human being.)
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To: BatGuano
Since when has an organization like the NCAA had the power to levy a fine such as this? I can see sanctions and prohibiting athletic scholarships etc., but a fine? I would like to think that only a court had this power.

It's part of their contract with the NCAA. Other sports leagues and teams also have fines for misbehavior.

It might not be enforceable if Penn State leaves the NCAA, but I don't see that happening.

32 posted on 07/22/2012 6:35:16 PM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: Calvin Locke

BINGO! Penn State is the outhouse of the college football world. HOWEVER the NCAA is a corrupt institution. I want Penn State to pay ANYBODY but the NCAA. If $60 million is paid I say less than 10 percent will ever be used to benefit a victim.


33 posted on 07/22/2012 6:36:12 PM PDT by LeonardFMason
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To: Riptides
I’m waiting for Brian Ross to report that the Tea Party had some involvement in this.

Brian will find some TEA Party member named "Paterno" (no relation) and do some seven degrees of separation magic.

34 posted on 07/22/2012 6:36:34 PM PDT by COBOL2Java (FUMR)
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To: Zakeet
an endowment for children's causes

Kid's Homes, Kid's Programs, Kid's Centers

Just what we want is 60 million in the hands of a bunch of leftwing lunatic professors from Nambla.

35 posted on 07/22/2012 6:43:20 PM PDT by xzins (Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
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To: Zakeet
The record fine will go toward an endowment for children's causes, sources said.

When he heard about the amount, Kofi Annan said he and his son would "Gladly help in any way to manage these funds!"


36 posted on 07/22/2012 6:45:12 PM PDT by COBOL2Java (FUMR)
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To: EGPWS

“So where is the money going to come from to pay the fine?”

Federal government student loan racket, financed by guess whom?


37 posted on 07/22/2012 6:58:58 PM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: Calvin Locke
Your are correct. And just what will happen to that money once paid?
After the fact will not be healed by giving money to the void. If anything
they should also be investigated for allowing buggery. God knows how many
people kept their filthy mouths shut in the name of that religion political correctness!
Heaven forbid some faggot gets outed.
38 posted on 07/22/2012 7:00:42 PM PDT by MaxMax
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To: Zakeet

Should be at least a two year death penalty for all sports. Anything less is a joke


39 posted on 07/22/2012 7:25:40 PM PDT by Figment
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To: Zakeet
It seems that only thing that gets Penn. State attention is the NCAA hammering them.

They show no signs of remorse for what happened, only a digging in of their heels since their donations haven't fallen of.

If the NCAA hadn't gotten involved that statue would still be there.

So, I frankly don't want to hear whining from the PSU alumi who have constantly defended the school despite all the evidence that it's leadership, including Paterno were involved in a criminal cover-up.

The Alumi have no one to blame but themselves for these penalites.

40 posted on 07/22/2012 7:26:24 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: af_vet_rr

From reports it appears that they are going to really hit PSU really hard!


41 posted on 07/22/2012 7:28:13 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Mr. K

Show me where one student or athlete has been punished. Inquiring minds want to know


42 posted on 07/22/2012 7:28:44 PM PDT by Figment
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To: Colofornian
Weak as in it not their purview to impose a fine, let alone a relatively large fine, on malfeasance not directly related to NCAA college sports.

Boot PSU out for a generation and let them apply again in the future.

43 posted on 07/22/2012 7:34:56 PM PDT by Calvin Locke
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To: Thumper1960
Minimum 2 year death penalty for all sports, reduced scholarships for all sports for ten years sounds appropriate
44 posted on 07/22/2012 7:35:26 PM PDT by Figment
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To: COBOL2Java

If he looked, it wouldn’t be hard to find someone named Paterno with mob connections


45 posted on 07/22/2012 7:37:43 PM PDT by Figment
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To: Zakeet

A huge fine without the addition of the death penalty should be looked at as a payoff. An apology to SMU may be in order.


46 posted on 07/22/2012 7:46:00 PM PDT by Jay Redhawk (Zombies are just intelligent, good looking democrats.)
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To: Zakeet

One of the best things would be to severely limit psu’s scholarship allotment to about 20 per year for several tears, crippling the program. Let ‘em cheer for Pedstate as they lose to Indiana University.


47 posted on 07/22/2012 7:47:28 PM PDT by InvisibleChurch ( if you love, you will not condemn, and if you condemn, you cannot love)
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To: Thumper1960

Bulldoze Pedo State to the ground and then nuke it from orbit just to be sure. And take that abomination of a statue to the Fort Sill artillery range and use it for target practice.


48 posted on 07/22/2012 8:21:34 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Thumper1960

Was a great school.

A place offering annual events.like “Cunt Fest” and “Sex Faire” have become sleazy party schools, what ever else goes on.

When Spanier’s mess is cleaned up, it might become good again, but as things now stand the entire university is deserving of ridicule. As is any individual even if unconnected who tries to claim other wise.

Give up on this one, and throw your effort where it belongs - working with other alumni to clean things up, even if it means litigation to restore the lost value of your degree.


49 posted on 07/22/2012 8:24:27 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: healy61

Just what would the infraction be to earn a death penalty?


50 posted on 07/22/2012 8:42:46 PM PDT by School of Rational Thought (Fun for women ages 21 through 35)
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