Penn State, NCAA reach proposed settlement to restore Paterno wins Jan 16th
“Today's agreement with Penn State reaffirms our authority to act,” Kirk Schulz, Kansas State's president and chair of the NCAA Board of Governors said in an official release. “The NCAA has a legitimate role when a member's actions threaten the integrity of college sports. We acted in good faith in addressing the failures and subsequent improvements on Penn State's campus. We must acknowledge the continued progress of the university while also maintaining our commitment to supporting the survivors of child sexual abuse.”
Dozens toast to celebrate return of Penn State football wins yesterday, Jan 25th
Big Ten sanctions continue to hurt Penn State
"It's become a game of sorts as Penn State athletic director Sandy Barbour sits in her office on the ground floor of Bryce Jordan Center, plugging in sources of revenue and trying to figure out what Penn State's athletic budget can do without.
Like running a household, there are ways to make ends meet, and it helps to have more money coming in than going out. But Penn State is missing millions in revenue, denied its share of Big Ten bowl payouts after the conference sanctioned the school in the wake of the Jerry Sandusky child sexual abuse scandal.
The sanctions have already cost the school more than $9 million over the past three seasons, and the school figures to lose millions more next year, the final year of the Big Ten sanctions.
"There were facilities and capital expenditures and capital improvements that were on the books. They were getting ready to go and got pulled back when the scandal hit," Barbour said from inside her office last week. "We had a very healthy reserve that we've now dug very deeply into."
The university is using some of those reserves to pay a $60 million NCAA fine, but the loss of bowl revenue has hurt the department's bottom line, as well."
“Today's agreement with Penn State reaffirms our authority to act,” Kirk Schulz, Kansas State's president and chair of the NCAA Board of Governors said in an official release. “The NCAA has a legitimate role when a member's actions threaten the integrity of college sports. We acted in good faith in addressing the failures and subsequent improvements on Penn State's campus. We must acknowledge the continued progress of the university while also maintaining our commitment to supporting the survivors of child sexual abuse.”
Dozens toast to celebrate return of Penn State football wins yesterday, Jan 25th
Big Ten sanctions continue to hurt Penn State
"It's become a game of sorts as Penn State athletic director Sandy Barbour sits in her office on the ground floor of Bryce Jordan Center, plugging in sources of revenue and trying to figure out what Penn State's athletic budget can do without.
Like running a household, there are ways to make ends meet, and it helps to have more money coming in than going out. But Penn State is missing millions in revenue, denied its share of Big Ten bowl payouts after the conference sanctioned the school in the wake of the Jerry Sandusky child sexual abuse scandal.
The sanctions have already cost the school more than $9 million over the past three seasons, and the school figures to lose millions more next year, the final year of the Big Ten sanctions.
"There were facilities and capital expenditures and capital improvements that were on the books. They were getting ready to go and got pulled back when the scandal hit," Barbour said from inside her office last week. "We had a very healthy reserve that we've now dug very deeply into."
The university is using some of those reserves to pay a $60 million NCAA fine, but the loss of bowl revenue has hurt the department's bottom line, as well."
