Skip to comments.NCAA could fine Penn State as much as $60 million as part of Sandusky sanctions
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.
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 ...
From reports it appears that they are going to really hit PSU really hard!
Show me where one student or athlete has been punished. Inquiring minds want to know
Boot PSU out for a generation and let them apply again in the future.
If he looked, it wouldn’t be hard to find someone named Paterno with mob connections
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.
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.
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.
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.
Just what would the infraction be to earn a death penalty?
“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...”
That is why I suspect that in the absence of death penalty for the football program this is nothing more than a payoff by Penn State, a bribe to keep their program going.
“This is a fine like no fine before,” an industry source told CBSSports.com.
Wait till the victims get their lawsuit judgement.
I can see the thug wannabes are alive and well on FR.
One wonders if their ‘’sense of justice’’ would be offended if someone in their family were charged and convicted of a crime and powers that be came to their door and demanded a pound of flesh from them to atone for what a relative did. After all, they might have had an idea their relative may have done something wrong, and maybe not. But, they should have known. Guilt by proximity and surname or genetics. Makes no difference. Someone from the east side of ‘’Anytown, USA’’ committed a heinous crime...well, let’s carpetbomb to the city limits. Damn the innocent folks downtown. Brutal justice must be served.
“From reports it appears that they are going to really hit PSU really hard!”
I’ll take that bet.
That is a strawman arguement. The school through its most powerfull officals chose to commit the vilest of crimes and in doing so they violated their contracts with the NCAA. If they don’t like it they can always choose not to be part of the NCAA.
Using your logic Ford Motor Company shouldn’t have had to pay out any money over the Pinto because the decision to cover up the dangers and not repair the problem was made by some people in the company and forcing them to pay lawsuits would only punish innocent Ford workers who had nothing to do with that decision.
Penn State’s endowment is said to be $1.7 billion, subsidized by the US taxpayer. Sixty million won’t hurt much, but wait ‘till the lawsuits hit.
I have a feeling that there are ten or so families and their lawyers that are about to find out exactly how much Ped State is worth.
Simple solution. Punish the guilty.
You advocate a shotgun to perform brain surgery.
By the way....whatever did the NCAA ever do to the Duke grand muftis over the judicial lynching of innocent lacrosse players? Did the faculty ever pay a price for their mob mentality?
You know the Duke dukes suffered not a bit. The NCAA is corrupt as the day is long. If any organization deserves a ‘’death penalty’’, it is the NCAA.
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