I heard that the money can't come from non-sports revenue, which means it shouldn't cause any academic layoffs, budget cutbacks, or tuition fees. Not sure if that's true as I can't seem to find a good source for it now.
Also, Penn State is a gigantic university. Then pay more than $450 million a year in taxes. The electric bill for their main campus alone is $17.5 million. If the average tuition for Penn State students comes out to the in-state level, they're still collecting $1.4 billion in tuition annually. $60 million is a drop in the bucket (and it's just a one-time penalty, right?)
The thing is, the real problem here is that the University fostered this environment where the football program is sacrosanct. If you look at the emails and notes in the Freeh report, they only ever talk about how this would affect the program. The thought never comes up that they might be impacted legally for lying, that they might be harming kids in the future, it's all football football football.
So if you don't punish the program, you're doing nothing to combat that. And if you do
, then you're at least sending the message "if you do this to protect the football program, not only will we find out about it, but we'll make sure the program is punished worse than if you'd just reported it in the first place".
If this had happened to a different school in 1995, do you think these guys would stil have been as willing to cover it up?
No, it's like banning it for 5 years. And given what's happened that seems reasonable. If that means I need to listen to the Eels in the meantime, that's something I understand has to be done(though they are also awesome.)
It's not even like that – the football team still gets to play, the students still get to watch them. Waits still gets to put out a Real Gone
every once in a while, but you're gonna have to wait a few years before he gets to try for another Rain Dogs