Quote:
Originally Posted by Lothar
I don't know how you can say that the sanctions were not designed to damage the football program. The $60M in penalties is not going to victims, who are still free to file a civil suit against the university. The sanctions clearly limit future revenues, even if not a single person associated with a cover up is employed by PSU.
Players transferring to another school will not likely be a real benefit or be compensating unless there is an acute need elsewhere.
It is absurd to think that the everyone associated with the football program and the university in general will not feel some effect.
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Again, they play their season, if they play well the only negative is no Bowl game.
Standout players will still get drafted. Their performance still counts.
Standout Coaches will still have job offers. Their performance still counts.
Students, no impact on them.
The University's finances?
The $60 million fine levied on Penn State by the NCAA doesn’t look so big next to the scale of the athletic department’s finances.
Penn State plans to pay the fine, part of sanctions announced Monday over the child sexual abuse scandal, in five annual installments of $12 million.
The Penn State athletic department had more than $116 million in revenue to more than $84 million in expenses for the 2010-11 school year, according to data reported by the school to the U.S. Department of Education. The expenses don’t include debt service or capital expenditures.
Penn State won’t be able to save money by making cuts in other sports. The NCAA specifically prohibited that as part of the punishment.
Instead of simply cutting costs, the athletic department can make up for any shortfalls in another way: raising money.
.......The Nittany Lion Club took in more than $82 million for the 2011 fiscal year, according to its annual report. That includes $34 million in special gifts for facilities. Its annual fund brought in $17 million, and donations for suites and club seats at Beaver Stadium totaled $12 million.
Penn State $60 million fine, in 5 payments, not so big compared to athletic department budget - The Washington Post
Seems to reinforce what we already know, college sports can be a significant cash cow, read motivator for inappropriate conduct.
Will PSU feel this, yes. But it's looking more like a migraine vs a decapitation.
I don't see share your concern.