Crimson streak
Posts: 9,002
Jul 23, 2012 3:09pm
HitsRus;1231765 wrote:$60 million fine?...payable to who? The victims families? This is just more NCAA horse ****. If it wants to forfeit wins or ban the people who were associated with the program for 5 years/show cause, that is within it's jurisdiction.(barely). But fining the people of Pennslyvania is absurd ...although not unexpected from an organization that continues to usurp power faster than the federal governmnet.
And the worst part about it, is that people suck this stuff up like the NCAA is this all powerful, benign institution.
I won't be getting any money back from my state taxes anytime soon
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vball10set
Posts: 24,795
Jul 23, 2012 3:09pm
This doesn't seem quite as funny as it once did 
[video=youtube;hgEkCfpWU0o][/video]
[video=youtube;hgEkCfpWU0o][/video]
se-alum
Posts: 13,948
Jul 23, 2012 3:46pm
Pretty sure the money has to come from the athletic program, which is it's own entity, and not privy to public funds. Tax money won't be used to pay the fine. Also, the money, as stated in the announcement, will go to charitable organizations outside of PSU that helps protect children.HitsRus;1231765 wrote:$60 million fine?...payable to who? The victims families? This is just more NCAA horse shit. If it wants to forfeit wins or ban the people who were associated with the program for 5 years/show cause, that is within it's jurisdiction.(barely). But fining the people of Pennslyvania is absurd ...although not unexpected from an organization that continues to usurp power faster than the federal governmnet.
And the worst part about it, is that people suck this stuff up like the NCAA is this all powerful, benign institution.
ts1227
Posts: 12,319
Jul 23, 2012 3:49pm
se-alum;1231803 wrote:Pretty sure the money has to come from the athletic program, which is it's own entity, and not privy to public funds. Tax money won't be used to pay the fine. Also, the money, as stated in the announcement, will go to charitable organizations outside of PSU that helps protect children.
It has to come specifically from football revenue. They aren't even allowed to use money from another sport.
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WebFire
Posts: 14,779
Jul 23, 2012 3:52pm
Good rant fail though.
OSH
Posts: 4,145
Jul 23, 2012 4:02pm
The $60 million is a drop in the bucket for them. In 2010-11, the athletic department had a REVENUE of $116 million. So, that $60 million is almost 50% of one year's revenue.
Yes, I do understand their revenue probably won't reach $116 million the next 4 years...but, it's not like the Penn State athletic department was hurting for money.
Yes, I do understand their revenue probably won't reach $116 million the next 4 years...but, it's not like the Penn State athletic department was hurting for money.
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vball10set
Posts: 24,795
Jul 23, 2012 4:12pm
lol--repsWebFire;1231807 wrote:Good rant fail though.
End of Line
Posts: 6,867
Jul 23, 2012 5:00pm
Dejan Kovacevic ‏@Dejan_Kovacevic
#PennState prez says NCAA originally was set to shut down football four years. Would have been DOUBLE death penalty. That’s jurisdiction.
#PennState prez says NCAA originally was set to shut down football four years. Would have been DOUBLE death penalty. That’s jurisdiction.
gorocks99
Posts: 10,760
Jul 23, 2012 5:25pm
Wow, now THAT is crazy. Talk about a thermonuclear option.The_Crosby_Show;1231859 wrote:Dejan Kovacevic ‏@Dejan_Kovacevic
#PennState prez says NCAA originally was set to shut down football four years. Would have been DOUBLE death penalty. That’s jurisdiction.
jordo212000
Posts: 10,664
Jul 23, 2012 6:09pm
OSH;1231815 wrote:The $60 million is a drop in the bucket for them. In 2010-11, the athletic department had a REVENUE of $116 million. So, that $60 million is almost 50% of one year's revenue.
Yes, I do understand their revenue probably won't reach $116 million the next 4 years...but, it's not like the Penn State athletic department was hurting for money.
I have no problem at all with the sanctions. Fair IMO.
But one thing I want to add is that revenues do not equal profits. So yes, they had that money come to the program, but we'd need to know what expenses there were
Midstate01
Posts: 14,766
Jul 23, 2012 6:22pm
My buddy here who's a huge psu fan defended psu and Paterno when allegations first came up. But now, he told me today hed have added to today's punishments. He said they should have had a bowl ban the same amount of years that they hid the crimes.
jordo212000
Posts: 10,664
Jul 23, 2012 7:00pm
I still am shaking my head at PSU students. First they rioted when Paterno was fired and then today they all started yelling when the penalties came down. What a joke, have they followed what happened at all? I'm not sure how anybody can in good faith complain about any sanctions that Penn State received.
Tigerfan00
Posts: 3,427
Jul 23, 2012 7:06pm
Was reclegend22 leading the way?jordo212000;1231932 wrote:I still am shaking my head at PSU students. First they rioted when Paterno was fired and then today they all started yelling when the penalties came down. What a joke, have they followed what happened at all? I'm not sure how anybody can in good faith complain about any sanctions that Penn State received.
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MontyBrunswick
Jul 23, 2012 7:34pm
Reps
killer_ewok
Posts: 11,379
Jul 23, 2012 7:35pm
The cover of the next issue of SI....
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vball10set
Posts: 24,795
Jul 23, 2012 7:43pm
^^^ouch
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WebFire
Posts: 14,779
Jul 23, 2012 7:53pm
Yeah, that's a pretty powerful cover, really.vball10set;1231959 wrote:^^^ouch
DeyDurkie5
Posts: 11,324
Jul 23, 2012 8:10pm
good. fuck them. rec, you are a joke as well.
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MontyBrunswick
Jul 23, 2012 8:19pm
Look, he's just saying that Joe Pa is innocent if you don't take into account the hours upon hours of investigations that Penn State/Freeh/prosecutors did.DeyDurkie5;1231977 wrote:good. fuck them. rec, you are a joke as well.
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queencitybuckeye
Posts: 7,117
Jul 23, 2012 8:27pm
No different than someone saying that giving up half of their income for a year wouldn't make a dent. Few are that fortunate.jordo212000;1231894 wrote:
But one thing I want to add is that revenues do not equal profits. So yes, they had that money come to the program, but we'd need to know what expenses there were
reclegend22
Posts: 8,772
Jul 23, 2012 9:51pm
From what I've come to gather, your best attributes are cussing and hurling insults. I guess everybody has a forte.DeyDurkie5;1231977 wrote:good. **** them. rec, you are a joke as well.
What I find to be a joke is that you can't seem to wrap your head around the reality that the Freeh Report is not absolute fact, and that the emails presented within it do not actually prove Paterno covered anything up. The report is essentially the "reasonable conclusions" of one man typed into one big-ass document. Nothing more, nothing less. If you feel differently, then show me the exactdocument within the report where it proves implicitly that Paterno directly ordered to cover everything up. And an ambiguous two-sentence email lacking absolutely any context whatsoever does not implicit proof make.
I'm simply choosing to look at all the possibilities and not just the one that I am being told is real.
reclegend22
Posts: 8,772
Jul 23, 2012 9:53pm
DeyDurkie5;1231977 wrote:good. **** them. rec, you are a joke as well.
From what I've come to gather, your best attributes are cussing and hurling insults. I guess everybody has a forte.
What I find to be a joke is that you can't seem to wrap your head around the reality that the Freeh Report is not absolute fact, and that the emails presented within it do not actually prove Paterno covered anything up. The report is essentially the "reasonable conclusions" of one man typed into one big-ass document. Nothing more, nothing less. If you feel differently, then show me the exact document within the report where it proves implicitly that Paterno directly ordered to cover everything up. And an ambiguous two-sentence email lacking absolutely any context whatsoever does not implicit proof make.
I'm simply choosing to look at all the possibilities and not jump to rash conclusions based on incomplete information.
DeyDurkie5
Posts: 11,324
Jul 23, 2012 9:56pm
From what I've read of you, you suck the nuts of accomplished sports figures. Coach K could rape a little boy, and you would find a way to defend him. Paterno knew about the whole thing, and didn't do anything. Not to mention, Sandusky was around the campus years after he knew. Paterno is just as guilty as sandusky. I'll believe someone that researched this thing for hours over someone(you) who sucks the teet of accomplished athletic figures.reclegend22;1232050 wrote:
From what I've come to gather, your best attributes are cussing and hurling insults. I guess everybody has a forte.
What I find to be a joke is that you can't seem to wrap your head around the reality that the Freeh Report is not absolute fact, and that the emails presented within it do not actually prove Paterno covered anything up. The report is essentially the "reasonable conclusions" of one man typed into one big-ass document. Nothing more, nothing less. If you feel differently, then show me the exact document within the report where it proves implicitly that Paterno directly ordered to cover everything up. And an ambiguous two-sentence email lacking absolutely any context whatsoever does not implicit proof make.
I'm simply choosing to look at all the possibilities and not jump to rash conclusions based on incomplete information.
OSH
Posts: 4,145
Jul 23, 2012 9:59pm
Good call. Their net revenue was $31 million.jordo212000;1231894 wrote:But one thing I want to add is that revenues do not equal profits. So yes, they had that money come to the program, but we'd need to know what expenses there were
But, I will also say, their expenses could probably be A LOT less than $84 million if they wanted...so they could actually profit much more than $31 million.
***These are estimated expenses/revenues, I didn't want to do all the thousands and hundreds and cents.***
wildcats20
Posts: 27,794
Jul 23, 2012 10:03pm
They aren't paying out $60 mil all at once. It's $12 mil a year for 5 years.