NCAA to release sanctions/penalties against Penn State Monday Morning

#276
#276
pualsline said:
I could be mistaken but, all the schools choose to be a part of the NCAA. When I attended Lipscomb University they were not a part of the NCAA yet. While I was there that transition happened. Many Lipscomb officials talked about how happy they were to join and how proud they were to join the NCAA.

I don't particularly care for a lot that the NCAA does, but unless schools are willing to leave hem or form a union of some sorts then things won't change
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What I'm getting at is this: the NCAA has just reduced the potential amount that the victims might actually receive in settlements by 60 million.
 
#278
#278
bamawriter said:
What I'm getting at is this: the NCAA has just reduced the potential amount that the victims might actually receive in settlements by 60 million.
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WTF are you talking about? The settlement will be the settlement. It isn't taken into account how much the defendent can pay, only what they should pay. PSU will be able to cover that $60 million, it is one season's revenue.
 
#279
#279
rjd970 said:
WTF are you talking about? The settlement will be the settlement. It isn't taken into account how much the defendent can pay, only what they should pay. PSU will be able to cover that $60 million, it is one season's revenue.
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Actually, that's exactly how civil suits work. You have to give an accounting of your assets. PSU's assets just dropped by 60 million.
 
#282
#282
bamawriter said:
Link?

The press release, nor Emmert's statement, suggests that Penn State approved these measures. Nor has anyone from Penn State said as much.
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Sara Ganim‏@sganim
#PSU signed a consent agreement about #NCAA violations

she is the crime reporter in harrisburg that kept on this story from the start
 
#283
#283
bamawriter said:
Actually, that's exactly how civil suits work. You have to give an accounting of your assets. PSU's assets just dropped by 60 million.
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It actually depends.

Even so, $60 million is nothing. Look at the size it the school's endowment. You're acting like the NCAA just took $60 million out of the victims pockets, which is absurd.
 
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#284
#284
bamawriter said:
Actually, that's exactly how civil suits work. You have to give an accounting of your assets. PSU's assets just dropped by 60 million.
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P$U's endowment is 1.83 BILLION. The $60M will be paid over five years. They have plenty of money. This won't affect the civil judgements at all.
 
#285
#285
rjd970 said:
It actually depends.

Even so, $60 million is nothing. Look at the size it the school's endowment. You're acting like the NCAA just took $60 million out of the victims pockets, which is absurd.
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So the fact that PSU can probably settle with the victims without it makes it okay for the NCAA to take that money before the victims even have an opportunity to file?
 
#286
#286
bamawriter said:
Actually, that's exactly how civil suits work. You have to give an accounting of your assets. PSU's assets just dropped by 60 million.
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That is true, but Penn State probably has in excess of a billion dollars in assests if you take into account their real estate so I doubt it will matter
 
#289
#289
rjd970 said:
It actually depends.

Even so, $60 million is nothing. Look at the size it the school's endowment. You're acting like the NCAA just took $60 million out of the victims pockets, which is absurd.
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Great comeback, "depends."

You just got rolled. Take it for what it is.
 
#290
#290
Vols4life said:
Sara Ganim‏@sganim
#PSU signed a consent agreement about #NCAA violations

she is the crime reporter in harrisburg that kept on this story from the start
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I'm surprised that no one has said that in any official capacity. I would think PSU would rush to say they agreed in order to improve their PR.
 
#292
#292
Not only is Penn State football done for the next two decades at the least, they're being reduced to battling it out with Indiana for 11th place in the conference. Wonderful.
 
#293
#293
bamawriter said:
Maybe it will, maybe it won't. But that particular 60 million that won't be going to the victims.
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That depends on whether or not the assets have already been gathered before the 60 mil is drawn. And Im not sure that matters. PSU couldn't move its money right now to prevent more of it from being taken in a suit.
 
#295
#295
allvol123 said:
Great comeback, "depends."

You just got rolled. Take it for what it is.
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Do you even know what you are talking about? The circumstances of the case and state law, among other things are taken into account for pre-trial discovery.

In this particular case, which is what we are discussing, whatever the outcome of the civil suit in this case, the $60 million is not going to matter.
 
#296
#296
Vols4life said:
I have seen some people say that they shouldn't punish the student athletes but last I checked they could transfer out or stay & still be on a scholarship
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What about the seniors? Closing in on a month til the season starts. They either play a meaningless season this year as their last or they sit out a year since it's probably too late to transfer. Some players might still like the school, their coach and having each other as teammates. It's not so simple for some to just say "oh well, time to pack up and leave". They obviously liked the school when they chose it and they still might like the academic side to it all and the relationships they have built. Yeah, they can leave... it just impacts their life completely when they did nothing wrong.

And what about the fans(lots of which are alumni). Should they transfer too? They spent money on going to games every year and/or spent 4 years attending school there. Think about how you view football as a Vol fan. Beaver Stadium holds 100,000 just like Neyland. Obviously there is more to life than football but you as a fan did nothing wrong and now your favorite team(that you've potentially spent tons on) is dead in the water. I'm not sure you'd be okay with this if it happened to the Vols but I suppose you would have the right to transfer your fandom to another team. Guess that's fair... :ermm:

I agree with the people that believe this was a criminal issue and the NCAA should have let the criminal system dole out the punishment. Sandusky is in prison for life and Paterno is dead. The NCAA is handing out punishments to everyone but the guilty party. Even the vacating of Paterno's wins, that just screws over the players that played in those games. Not like it effects Paterno, he's dead.

I don't even care for Penn St. and what they did was sick. I just don't see how the punishments the NCAA handed down did anything to get back at the people involved in the cover up. Seems like everyone else gets to suffer for it.
 
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#297
#297
Thanks for posting this. In every other thread jackholes are just saying wow they got hammered, but none said what happened. That doesn't seem stiff enough of a penalty to me besides the 60 million

TrueOrange said:
60 mil

4 year post season ban

10 schollies lost a year for 4 years


All athletes can transfer without penalty

(however they can stay at psu with scholly if they do well enough academically)

Forfeit wins 1998-2011

Probation 4 (or was it 5) years


And reserve right to investigate
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