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Did The $60 Million Fine Hurt PSU ??

LowFatMilk

All-Conference
Apr 21, 2012
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Doubtful....since the new PA governor has just introduced a new budget plan to increase state funds next year by almost 50 million to the school.

So basically, and completely not unexpected, the school will actually be getting a HUGE 23% raise from the state (aka taxpayers...aka me). The single year increase would almost completely cover the 'fine'....thx to taxpayers.

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Keep in mind that PSU gets donations that push (or exceed) $200 million per year. (for a lol....look up how much WVU gets... ...and that's not a dig on WVU but rather a WTF toward PSU)


Remember when the sanctions were referred to as, 'Worse than a death penalty' ????
 
........and it's not like anyone with a brain in their head, who knows how to look at the facts, make a judgment and draw a conclusion didn't already know there has been, and continues to be, something very wrong going on at Penn State.
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Re: Why would anyone here care if it did or didn't?

Originally posted by Doctor Doom:
Maybe you should ask the PSU board instead of this one.
I made the thread topic perfectly clear in the title... ...yet you took the time to both read and reply.


Maybe you should visit the PSU forums if you can't help yourself....
 
Re: Why would anyone here care if it did or didn't?


Maybe posting the exact same comments more than once isn't wasting space.
 
do you think the governor introducted a new budget plan for all state universities or solely for Penn State with the intent to address something specific to the Sandusky trial and to ease any pain past sanctions might have caused?
 
Re: Why would anyone here care if it did or didn't?


Originally posted by Doctor Doom:
Obviously you can't tell when you are wasting board space. Just trying to help you by pointing out when you do so.

What's next? A Sandusky thread?
If you want to be a dopey hall monitor I won't stand in your way, but you'll just look like a fool when doing it.

You've really come unhinged the last few months. If I liked you I'd probably be concerned.

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Originally posted by BigLickMountee:

do you think the governor introducted a new budget plan for all state universities or solely for Penn State with the intent to address something specific to the Sandusky trial and to ease any pain past sanctions might have caused?
I thought the fine was levied to their athletic department which was floated a loan from the university. The new money should just go into their general fund.

PA has funded education very poorly (comparatively), I think this was coming with any new Democratic governor.
 
Re: Why would anyone here care if it did or didn't?

Doom is just following in the footsteps of his hero and protege; Hank Hill.
 
Re: Why would anyone here care if it did or didn't?


Originally posted by Doctor Doom:
You bangin lowfat?
Yes, but not as hard as you took it from Hank. Did he ever take his collar off you or does he still make you wear it to Krogers to buy cucumbers?

Fifty Shades of Hank.

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Re: Why would anyone here care if it did or didn't?

Yep, sounds just like the Hank Hill wannabe you are. Lol. The "dopey hall monitor" lol
 
The extra money goes into the general fund...the $60 million comes out of the athletic fund. And yes, the 60 million does hurt. Fine any school $60 and it will hurt. Then throw in the list bowl revenue, both from their bowls and the other Big teams' bowls, and they took a big hit.
 
So, who's paying or where's the money coming from for the legal fees for Spanier, Curley and Schultz? Remember those guys?
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Originally posted by AWS1022:
The extra money goes into the general fund...the $60 million comes out of the athletic fund. And yes, the 60 million does hurt. Fine any school $60 and it will hurt. Then throw in the list bowl revenue, both from their bowls and the other Big teams' bowls, and they took a big hit.
Sure, it hurt. .....but more like a scratch than a deep cut that requires stitches.

Yes, technically the $60 million came out of the athletic funds....but really, it's not that hard to move money around.

I remember how PSU officials claimed (and sports writers echoed) that they were suffering a fate worse than a death sentence. Laughable. Now we know PSU would not even have to deal with the full punishment anyway.

You'd think a team suffering from huge financial losses because of lost bowl revenue wouldn't agree to play a football game on the other side of the Atlantic ocean. .....unless they got paid (aka like a kickoff bowl game). Either they got paid....or money wasn't actually a big deal.

----------------------

Being a PA resident I'll share my biggest problem with suddenly giving PSU a huge raise (about 25%) using taxpayer money.... ....as of last year....PSU has a 3.5 BILLION DOLLAR ENDOWMENT fund.

I'm ok with investing in higher education....but I feel like me and mine are being robbed by both the state of Pennsylvania and PSU.
 
Would have been a death sentence for many schools, but the PSU fan base didn't let that happen by still supporting the team and showing up to the games even though the teams weren't very good. Not many fan bases would have done that. If you owned a store and the local politicians out a bunch of regulations on you so you couldn't offer very many goods, and that was designed to put you out of business, but your customers stayed loyal and still came to your store, does that make the penalties against your store a slap on the wrist? Does that mean the penalties didn't work? No, it means you have a loyal customer base that helped you get through a difficult time. And to say $60 million plus loss of bowl revenues is a scratch and not a cut is ridiculous.
 
Originally posted by AWS1022:
Would have been a death sentence for many schools, but the PSU fan base didn't let that happen....
Lol...it wasn't ANYTHING CLOSE TO A DEATH SENTENCE. You're being silly...... ...but a typical opinion for a PSU fan and very similar to the schools administration staff.

You guys got a slap on the wrist. .....while some kids got a bloody butt. Yea..yea... ....not your fault...... ..wink...wink... ...YOU can't be blamed....

..yet.. ...YOU are still in denial.
 
Re: Why would anyone here care if it did or didn't?

Riiiight, keep telling yourself that loser lol
 
Slap on the wrist...ha! That's hilarious. Worst sanctions since SMU, and that's a slap on the wrist. Funny. Sorry the team didn't go 0-12 every year to satisfy your idea of proper sanctions, but if you knew anything about the program other than the record, you would know it was far more than a slap on the wrist.
 
Nobody from Penn State should ever talk about football with anything but deference. You're lucky to have a program and I'd like to think things are improving, but your fan base's continued efforts at Jo Pa restoration, the acceptance of the Paterno family report and denial of his involvement tell me that the cultural sickness of Football Above Everything Else in the Name of Penn State is still in place. I refuse to watch any Penn State games, including the one coming against WVU. They should have taken Beaver Stadium and turned it into a botanical garden or something.


The failure of the NCAA to follow its penalties shows that it once again cares more about money than anything else. They'll pick on WVU for relatively petty offenses, but when they have a slam dunk death penalty case - and who knows what still is out there about all of this that has been flung under the carpet - they give them a light sentence and then let them off the hook.

Truth is, Penn State was never really punished. They never had to rebuild; they never had significant losses; never suffered the way SMU did for a far less-severe offense, heinous though it was.. They were allowed back into the postseason well before the initial punishment expired. What actually happened?

Here's the number that the NCAA should require Penn State put right at the 50 yard line as big as they possibly can - 8 - as in the number of boys molested after Paterno and the administration looked into the problem in 2002. Who speaks for them at Penn State on football Saturdays these days? They are forgotten, whisked away, like so many leaves. I find everything about Penn State football disgusting and I for one wish they would go away.
 
The NCAA should have given several schools the death penalty. Miami, Penn State, USC, Auburn, and Ohio State.
 
Originally posted by LowFatMilk:
Originally posted by AWS1022:
The extra money goes into the general fund...the $60 million comes out of the athletic fund. And yes, the 60 million does hurt. Fine any school $60 and it will hurt. Then throw in the list bowl revenue, both from their bowls and the other Big teams' bowls, and they took a big hit.
Sure, it hurt. .....but more like a scratch than a deep cut that requires stitches.

Yes, technically the $60 million came out of the athletic funds....but really, it's not that hard to move money around.

I remember how PSU officials claimed (and sports writers echoed) that they were suffering a fate worse than a death sentence. Laughable. Now we know PSU would not even have to deal with the full punishment anyway.

You'd think a team suffering from huge financial losses because of lost bowl revenue wouldn't agree to play a football game on the other side of the Atlantic ocean. .....unless they got paid (aka like a kickoff bowl game). Either they got paid....or money wasn't actually a big deal.

----------------------

Being a PA resident I'll share my biggest problem with suddenly giving PSU a huge raise (about 25%) using taxpayer money.... ....as of last year....PSU has a 3.5 BILLION DOLLAR ENDOWMENT fund.

I'm ok with investing in higher education....but I feel like me and mine are being robbed by both the state of Pennsylvania and PSU.
I won't say your wrong for thinking the way you do, but comparatively PA funds their public research institutions at a much lower rate than other states, in fact it may be dead last. I despise everything Penn State, I really do. I think it's the most incestual institution on America's east cost.

However, you aren't telling the whole story here. Wolf's budget calls for a PA's community college's to receive an extra $15 million, PA state system of higher education schools to receive an additional $45 million, and state-related universities (PSU, Pitt, Temple, Lincoln) an $80 million bump.

This was coming with ANY new Democratic Governor.

Regarding "moving money around", well - not really. These were separate budgets so an actual loan was required. It's not just shifting money around within a single book. I think the loan was for $30 million. Whether it will be forgiven or not, I don't know.

This was just politics and it was completely expected.
 
Anyways, to answer the question you put forth - No, the $60 million fine did not hurt PSU as intended an if I recall their athletic department turned a small profit in 2014.

Financial penalties on a public institution are worthless, especially when the targeted office generates it's own streams of revenue.
 
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