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To: FlJoePa
And in connection with the lawsuit, Senator Corman says "the state gives Penn State so much money every year that "it would be impossible for the payments to be derived solely from non-commonwealth funds."

Fine. We've already established that Penn State's football program makes over $50 million in profit each year.

Let's make it a $100 million fine payable in two annual payments of $50 million each. That way, it's possible for "the payments to be derived solely from non-commonwealth funds."

21 posted on 01/04/2013 3:54:15 PM PST by Scoutmaster (You knew the job was dangerous when you took it)
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To: Scoutmaster

In recent discussions with a prominent professor (head of a department), there are at least 2 more law suits against the ncaa coming. Soon. Hope their legal team is eating their Wheaties.


22 posted on 01/04/2013 4:03:42 PM PST by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: Scoutmaster

...and cancel all the other ncaa sports at PSU? Or would the state have to step in and fund them in order to be in title 9 compliance?


23 posted on 01/04/2013 4:05:14 PM PST by FlJoePa ("Success without honor is an unseasoned dish; it will satisfy your hunger, but it won't taste good")
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To: Scoutmaster
We've already established that Penn State's football program makes over $50 million in profit each year.

But as you note in your Post 16, the football program funds the rest of the athletic department. Absent football program dollars, the athletic department faces a $20m shortfall. With a shortfall, they can either make up the difference in state funds or eliminate other sports, neither of which seems like a particularly fair opinion to the taxpayers of the state, some of whom enrolled at PSU to play sports like tennis or lacrosse or whatever.

Plus, your $50m profit number seems pretty inflated. The article to which you linked noted that the p/l numbers didn't include debt service or capital expenditures, which was $35 million. Take that into account, the athletic department runs a deficit of a few million dollars. Minus the football money, that deficit would have to be made up by state funds.

24 posted on 01/04/2013 4:15:28 PM PST by Publius Valerius
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