Social & economic costs

[J. J. in Phila]

The Pittsburgh Post-Gazette now calls it $171 MM:
http://www.post-gazette.com/local/b...osts-now-top-171-million/stories/201311180161

"The new sum, which reflects the university's cost as of Aug. 31, of $51,792,125 for lawyers, consultants and other crisis help is about $1.3 million more than a month ago, the last time Penn State updated those costs.

The tally includes the first $12 million fine installment paid to the National Collegiate Athletic Association, but is not a universal reflection of the scandal's total financial impact.

It does not include the remaining $48 million in fines still due the NCAA, the $59.7 million in civil settlements paid to 26 child victims of Sandusky, a former Penn State assistant football coach now in prison, or the $13 million in bowl revenue stripped away from the university.

Once those are included, it brings the total financial impact acknowledged by Penn State so far to approximately $171.5 million."

I get $172 Million using their numbers.

Remember when $100 seemed like an outrageously high figure?

 

[J. J. in Phila]

An opinion piece that tells where everything stands: http://www.pennlive.com/midstate/index.ssf/2013/12/two_years_later_scandal_still.html#incart_m-rpt-2

 

[J. J. in Phila]

Fines and legal fees now top an anticipated $165 million: http://www.centredaily.com/2014/03/14/4085055/ncaa-fine-legal-fees-raise-penn.html

 

[J. J. in Phila]

A new alleged victim has filed suit: http://www.pennlive.com/nation-world/2014/09/penn_state_faces_new_lawsuit_o.html#incart_m-rpt-1

 

[J. J. in Phila]

The Penn State Scandal has cost the University $238 Million, so far: http://www.pennlive.com/news/2017/01/how_much_has_the_sandusky_scan.html#incart_river_home

It is not yet over.

 

[HMSHood]

The Penn State Scandal has cost the University $238 Million, so far: http://www.pennlive.com/news/2017/01/how_much_has_the_sandusky_scan.html#incart_river_home

It is not yet over.

It has been five years. I do not hear much of it.

Interestingly, Baylor did not get as much attention as Penn State.

 

[J. J. in Phila]

It has been five years. I do not hear much of it.

Interestingly, Baylor did not get as much attention as Penn State.

Actually, it is still big with some alumni and in Central Pennsylvania Gothic.

 

[J. J. in Phila]

Cost revised downward to $220 Million.

http://www.pennlive.com/news/2017/04/who_got_paid_in_the_jerry_sand.html#incart_most-comments

 

[J. J. in Phila]

The Paterno 3 vs NCAA suit may be settled.

Wick Sollars just withdrew as counsel.

 

[J. J. in Phila]

It looks like PSU may have settled with McQueary. http://co.centre.pa.us/centreco/med...IPE TO DISCONTINUE AND END WITH PREJUDICE.pdf

 

[J. J. in Phila]

With some additional settlements, the monetary cost to PSU has reached the $250 million.

http://www.pennlive.com/news/2017/11/penn_state_payouts_on_sandusky.html#incart_river_home

 

[J. J. in Phila]

A little more was added, but the cost have passed $250,000,000. State College, PA - Penn State Added $7.5 Million to Sandusky Scandal Costs in 2017-18 -

 

[J. J. in Phila]

The "report" of the alumni board members was leaked. Report to the Board of Trustees of the Pennsylvania State University on the Freeh Report’s flawed methodology and conclusions

The main problem is that the stuff that said wasn't proven was subsequently proven in court.

The BoT may also be looking for the leaker.

 

[J. J. in Phila]

I don't know where else to post this, but the notes from one of Freeh's investigators has been publshed: https://www.docdroid.net/QPoNLm5/freeh-investigator-kathleen-mcchesney-notes-psu-sandusky-second-mile-investigation.pdf