NCAA could fine Penn State as much as $60M
Posted in the Columbus Forum
#1 Jul 22, 2012
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.
A source confirmed for CBSSports.com that there are indications the penalties could be so unique they would be different than any previously applied by the NCAA. They could last beyond one season.
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.
#2 Jul 22, 2012
The NCAA has no authority to do this by the way. None, zero.
But so long as the taxpayers are on the hook, who cares? Bad PR is what we care about.
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