Source: Penn State will be fined at least $30 million as well as

[Are_grits_groceries]

at least a 3 year post-season ban. A 3 year ban will allow players to transfer immediately without penalty. In addition, there will be a significant loss of scholarships.

Wow!

[HooptieWagon]

1. I was hoping for a 5 year death penalty

but thats not bad. I hope NCAA does something appropriate with the fine, like counseling, scholarships,etc for the victims.

[jberryhill]

3. An ethics conference for coaches

They've rented out a hotel and conference center in Vegas.

[Skidmore]

15. Vegas???

What happens in Vegas...

[jberryhill]

2. Who gets the $30 million?

Damn, how cool would that be - to be in a position to get a pile of money for something someone did to someone else.

[Are_grits_groceries]

5. The money is supposedly going

to be put in an endowment for children's causes.

[HooptieWagon]

9. OK, thats cool.

Its possible the money couldn't go to directly help the victims due to legal settlements or something.

[elleng]

4. Hate to put current students/players in such positions.

Maybe make the ban effective after current players have graduated? Or is that what '3 year post-season ban' means?

[Are_grits_groceries]

6. 3 year ban starts this year.

When the NCAA hands down any penalties, they punish some who are innocent. USC is just finishing their part of bowl sanctions. They have done a remarkable job keeping the program on track. Some are putting them at #1 in preseason polls.
Why should PSU be exempt?

[elleng]

8. Its not reasonable, imo,

in any circumstances, to put innocent students in such situations. As to bowl sanctions, that means school may not appear in bowl games? Need to see what the 'ban' constitutes.

[HooptieWagon]

11. Yes, no bowl games for three years.

And theres also scholarships limit, that will likely take many years to recover from.

Current players can stay on team and keep scholarship, or can transfer to another school without sitting out a year. Thats the best that can be done for them under the circumstances.

[elleng]

13. OK.

Thanks

[HooptieWagon]

7. Players can stay, or transfer without penalty.

Pretty standard, when players weren't involved with the misdeed.

[elleng]

10. Should be that way, imo,

but what does 'ban' mean? No football? Sports? Need to see whole story.

[HooptieWagon]

12. Post season - bowl game - ban for three years.

Incidents only involved football program. Other sports unaffected afaik... Although they had a real shit for a womans basketball coach for several years that Paterno protected. Open and outspoken homophobe. That should have drawn penaltiy.

[AnotherMcIntosh]

14. $30 million may seem like a lot. But eight months ago, it was reported that

Penn State football lures tens of thousands of new students each year, and deep-pocketed alumni ensure donations keep rolling in.

This economic engine rivals profit margins of major U.S. corporations — generating $72.7 million in gross revenue and $53.2 million in profit last year.
http://www.pennlive.com/midstate/index.ssf/2011/11/for_people_around_the_world_pe.html

In addition, the $30 million may be covered at least in part by insurance and tax deductions for the loss. Penn State may also have insurance for the loss of revenue for the next three years. No one should think that they are going to be hurt too badly by this.

[justiceischeap]

16. IMO, this is a message to other NCAA schools

you protect your program over innocent kids, you think football is more important than child rape, we're going to hit you where it hurts, in your wallet. They will lose good player candidates for the next 3 years as well. It's a good punishment. Yes, they could have gone further, I mean rape is much more heinous than paying student athletes but the fact that the NCAA is taking a stand is good.