Posted on 11/11/2011 12:44:04 AM PST by Colofornian
Paterno was the highest paid employee at Penn Sate at just over $1 million per year not including endorsements, side deals etc. It took reporters years to get Penn. State to release any salary information on Paterno.
Penn State is not a public school, but a "land grant" public supported agricultural school. PSU received about 9% of its annual budget from the State of Penn. The state gave PSU 780,000 acres of land in 1863. PSU Football supposedly made a profit of $50 million in 2010. (top 5 or 6 in the country)
(Excerpt) Read more at eagleoutsider.com ...
(Ex?) ABC-TV broadcaster Jim Lampley, who covered college football games for a long time, was interviewed on a radio program tonight. (Not sure which one)
He said his second game was @ Penn State...where the media would be invited over Paterno's house for a meal...how "cozy" the hosts made it for the MSM to "love" Penn State.
Lampley said the underlying root problem these days is the overcommercialization of College football...To paraphrase him, he said when College Football began to become its own-purposed self-entity -- vs. being an adjunct of the educational institution -- is what has led to its downfall exposure.
$50 million-per-year pride "cameth" (if that's a word) before the "falleth" (that's NOW a word)
JoePa was only making a little over a million a year, which in far below what other coach’s at big time programs make.
People keep asking the question:
“How could an institution like PSU knowingly committ such an awful cover-up?”
My response is:
Unverisities (public or private) are no different than governments, banks and big corporations. Money talks, and lofty ideals walk when there’s millions of dollars in profit to be made, even if it requires killing a few dozen people in the process. Or in this case, destroying the lives of a dozen young boys by allowing one of their coaches to continue to rape them and then pass them off to his fellow pedophile friends.
Didn’t Penn State also cover-up the “climate-gate” emails from one their “researchers”?
PSU is sh!thole and should be bulldozed to the ground.
That is because he stopped coaching years ago!
If all true, then Joe was nowhere near the top twenty college coaches in the country for salary. In fact, he just edges out Pat Hill over at Fresno State by a dollar and the coach over at Navy by $75k. If you ask me...he was a “deal”.
“A “land grant” public supported agricultural school.”
I always got a chuckle how PSU was able to tell the legislature to go hang. It was treated like a public school when it came to state funding but treated the legislature like is was a private school when questions were asked.
Not bad for a former high school.
One of the contibuting factors in Paterno’s longevity was his relatively low salary. BTW, his salary was literally a State-secret until a few years ago.
PSU would have to pay 2 to 3 times that salary to his replacement. Paterno knew that.
PA Ping List
ping
The big difference between a State University and a big bank is that these piggies feed at the public trough.
Watts Up With That website has a good article on the PSU roll in the Climate-gate affair.
Iowa’s Kirk Ferentz makes $3.7 million yearly for his modestly successful 56-45 career Big Ten record.
http://money.cnn.com/2010/12/29/news/companies/college_football_dollars/index.htm
lists Penn St. as making $50 million profit, third after Texas’ $69 million and Georgia’s $52.5 million.
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