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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
click here to read article
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1
posted on
07/22/2012 5:39:05 PM PDT
by
Zakeet
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
To: healy61
Me thinks it’s more the NCAA finding a weak excuse to fill the expense accounts of its executives.
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)
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")
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)
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)
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?)
To: SkyDancer
Penn State 2011 endowment: 1.83 Billion
9
posted on
07/22/2012 5:54:03 PM PDT
by
EEGator
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)
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)
To: EEGator
Death penalty for paying players.
Money payoff for raping children.
NCAA is a joke.
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]")
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)
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
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.
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.
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
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.)
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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