Penn State to get hammered by NCAA on Monday?

[Rondo2287]

Penn State football is done as a meaningful program for 10 years.  

With all of the lost revenue, I also wouldn't be surprised to see Penn State close down other athletic programs.  According to ESPN when looking at just athletic department revenues, Penn State doesn't even make money.  http://espn.go.com/espn/otl/blog/_/name/assael_shaun/id/7889475/kansas-state-most-profitable-athletic-department-2010-11-file

The 19 public school athletic departments that showed a profit in 2010-11 even without including revenue from the university, state or student fees.
Ath. Dept.    Surplus
Kansas State    $20,106,935
Texas    $16,609,111
LSU    $15,462,427
Alabama    $14,195,164
Florida    $11,989,355
Michigan    $10,621,815
Arkansas    $10,524,624
Oklahoma    $9,974,916
Ohio State    $9,528,952
Okla. State    $9,507,375
Texas A&M    $8,975,871
Georgia    $8,384,182
Oregon    $7,125,702
Purdue    $6,773,110
Iowa    $4,731,395
Miss. State    $2,573,373
Nebraska    $1,763,272
Kentucky    $1,219,181
Illinois    $403,425

Take away all of this other income and they make way less money and that affects all of the sports.  Not to mention the 60 million dollar lump sum payment that is due ASAP.

SportsCenter ‏@SportsCenter
According to Forbes (2010), PSU is 3rd most valuable college football team, w/value of $100M & profit of $53M » http://yfrog.com/jnyovp

[Rondo2287]

From Emmert "this is to make sure that football is never again placed ahead of educating, nurturing & protecting young people."

[Donoghus]

From Emmert "this is to make sure that football is never again placed ahead of educating, nurturing & protecting young people."

Tell that to the S.E.C.

[Rondo2287]

From Emmert "this is to make sure that football is never again placed ahead of educating, nurturing & protecting young people."

Tell that to the S.E.C.

$EC

[Rondo2287]

Dan Wetzel ‏@DanWetzel
RT @SInow Mike McQueary was the quarterback for Joe Paterno's last official win

Ironic?

[Moranis]

Penn State football is done as a meaningful program for 10 years.  

With all of the lost revenue, I also wouldn't be surprised to see Penn State close down other athletic programs.  According to ESPN when looking at just athletic department revenues, Penn State doesn't even make money.  http://espn.go.com/espn/otl/blog/_/name/assael_shaun/id/7889475/kansas-state-most-profitable-athletic-department-2010-11-file

The 19 public school athletic departments that showed a profit in 2010-11 even without including revenue from the university, state or student fees.
Ath. Dept.    Surplus
Kansas State    $20,106,935
Texas    $16,609,111
LSU    $15,462,427
Alabama    $14,195,164
Florida    $11,989,355
Michigan    $10,621,815
Arkansas    $10,524,624
Oklahoma    $9,974,916
Ohio State    $9,528,952
Okla. State    $9,507,375
Texas A&M    $8,975,871
Georgia    $8,384,182
Oregon    $7,125,702
Purdue    $6,773,110
Iowa    $4,731,395
Miss. State    $2,573,373
Nebraska    $1,763,272
Kentucky    $1,219,181
Illinois    $403,425

Take away all of this other income and they make way less money and that affects all of the sports.  Not to mention the 60 million dollar lump sum payment that is due ASAP.

SportsCenter ‏@SportsCenter
According to Forbes (2010), PSU is 3rd most valuable college football team, w/value of $100M & profit of $53M » http://yfrog.com/jnyovp

and with all that profit, they still don't make money as an athletic department (at least from athletic related revenue which does not include student fees, money from the university, donations, etc.).  What do you think happens going forward to PSU's athletic programs without a relevant football team.

[Finkelskyhook]

I'm wondering if Redsox fans feel the same way about their scandal as they do about the Penn State scandal. This was a very similar scandal but no one has been calling for the Sox to give up baseball for 2 years. http://www.huffingtonpost.com/2011/11/15/donald-fitzpatrick-red-sox-sex-scandal_n_1095118.html

First of all, you'd have to believe something that comes out of the huffington post....Which is a reach in itself.

In some ways MLB and the NCAA have parallels.. They both bandy about the word "integrity" ad nauseum while running two of the most dishonest organizations in sports. In hiring a dishonest hack with a conflict of interest to "investigate"  after riding the steroid bandwagon until it became unprofitable to do so...Under the umbrella of the "Integrity of Major League Baseball".  Hardy har har...

I don't know how many times Mark Emmert used the word "integrity" during the 9AM dog and pony show..lol....When his organization (ironically, in the words of Joe Paterno who called it the "BSC"), uses the BCS....Which is nothing more than determining a "champion" based on TV ratings.  When the organization imposes different sanctions based on revenues and not the violations themselves.

From Emmert "this is to make sure that football is never again placed ahead of educating, nurturing & protecting young people."

Next to Emmert "athletic integrity monitor" commentary ....That above line, coming from the NCAA could be used by any stand-up comic to bring any house down.

The NCAA just further became a parody of itself.

[Rondo2287]

Penn State football is done as a meaningful program for 10 years.  

With all of the lost revenue, I also wouldn't be surprised to see Penn State close down other athletic programs.  According to ESPN when looking at just athletic department revenues, Penn State doesn't even make money.  http://espn.go.com/espn/otl/blog/_/name/assael_shaun/id/7889475/kansas-state-most-profitable-athletic-department-2010-11-file

The 19 public school athletic departments that showed a profit in 2010-11 even without including revenue from the university, state or student fees.
Ath. Dept.    Surplus
Kansas State    $20,106,935
Texas    $16,609,111
LSU    $15,462,427
Alabama    $14,195,164
Florida    $11,989,355
Michigan    $10,621,815
Arkansas    $10,524,624
Oklahoma    $9,974,916
Ohio State    $9,528,952
Okla. State    $9,507,375
Texas A&M    $8,975,871
Georgia    $8,384,182
Oregon    $7,125,702
Purdue    $6,773,110
Iowa    $4,731,395
Miss. State    $2,573,373
Nebraska    $1,763,272
Kentucky    $1,219,181
Illinois    $403,425

Take away all of this other income and they make way less money and that affects all of the sports.  Not to mention the 60 million dollar lump sum payment that is due ASAP.

SportsCenter ‏@SportsCenter
According to Forbes (2010), PSU is 3rd most valuable college football team, w/value of $100M & profit of $53M » http://yfrog.com/jnyovp

and with all that profit, they still don't make money as an athletic department (at least from athletic related revenue which does not include student fees, money from the university, donations, etc.).  What do you think happens going forward to PSU's athletic programs without a relevant football team.

Probably should have thought of that before they covered up rape

[Donoghus]

Per AP:

Big Ten: Penn St. ineligible for conference bowl revenues while on 4 year postseason ban.

[mctyson]

I don't know if this kills the program for a decade.  Yes, they are losing a lot of money.  No doubt all of the revenue will be bled from the football program, because if the university cuts anything else because of this there will be serious complaints.

But I see Penn State fans and alums rallying around their team.  It would not surprise me if the team generates more revenue next year than it ever has.  I think the amount of scholarships lost is almost trivial (25 to 15??).  You don't think they can find 10 players who will play for free?  Or that some booster will find away around this?

Vacating wins is meaningless, since the wins happened, and no player who went against PSU and lost is suddenly going to feel like they won that game.

4 years of bowl bans?  Nothing.  USC got 2 for the Reggie Bush stuff.  And they fielded a Top-10 team last year.

4 years from now, when they are back in bowls and making plenty of $$ again, the program will be back to normal.

[kozlodoev]

Have in mind that all their players are free to leave at this point if they chose to. Or worse, stay on scholarship but not play football.

Also, how many kids do you think will go to a place where they're guaranteed to be out of bowl games for most of their college careers.

[Donoghus]

Combining the bowl share with the fine, Penn State has been penalized $73 million. According to the Central Penn Business Journal, that’s the amount of revenue the football program generated in 2010

[JSD]

Paterno would have been applauded had he exposed his former assistant in this case. The risk in covering up and enabling this beast far outweighed any immediate negative backlash for the program. Paterno knew this as he was not a stupid man. Call me a conspiracy theorist but I believe there is more to this story we will never know. That assistant had something on Paterno that allowed him to hang around the program even years after retirement.

This cover-up was all about putting the football program over the betterment of children. If you ask me NCAA is justified in any punishment they choose to give out and probably couldn't reach a judgement harsh enough.

[Rondo2287]

Paterno would have been applauded had he exposed his former assistant in this case. The risk in covering up and enabling this beast far outweighed any immediate negative backlash for the program. Paterno knew this as he was not a stupid man. Call me a conspiracy theorist but I believe there is more to this story we will never know. That assistant had something on Paterno that allowed him to hang around the program even years after retirement.

This cover-up was all about putting the football program over the betterment of children. If you ask me NCAA is justified in any punishment they choose to give out and probably couldn't reach a judgement harsh enough.

All this came to light when paterno had a few losing seasons and people started to call for his job though, had he exposed it then he may not have been applauded.

[Evantime34]

Hopefully some of their players transfer to BC.