Bill For Sandusky Payouts Tops $100 Million
Football financials aside, Penn State's bill related to the child sex abuse scandal involving former assistant coach Jerry Sandusky has risen to more than $100 million, the school announced Monday.
Penn State currently is paying $59.7 million to 26 men over claims of sex abuse, including 23 fully-signed deals. There are six additional pending claims.
The university also has spent more than $50 million on legal counsel, public relations and implementing new policies to prevent a recurrence, the Associated Press reported, though liability insurance should cover the majority of the bill.
"We cannot undo what has been done, but we can and must do everything possible to learn from this and ensure it never happens again at Penn State," university president Rodney Erickson said in a statement. "
Erickson said from the outset that the university intended to compensate the victims. There are 32 claimants, including most of the 10 whom Sandusky was convicted of abusing as well as others who allege Sandusky abused them years ago.
Penn State's university and football team are far from putting the miserable saga behind them, but nearly completing the process of compensating those harmed, and devoting so many resources toward preventing future incidents of its kind on campus, are a start.
The Nittany Lions are banned from participating in a bowl game through the 2015-16 season and face scholarship reductions until 2016-17. The team also paid a $60 million fine as part of the punishment. The NCAA did reduce the severity of some of the penalties in September.
The legal process still may take years to play out. Former president Graham Spanier, retired vice president Gary Schultz and retired athletic director Tim Curley will stand trial in Harrisburg, Pa., on charges they engaged in a criminal cover-up during the Sandusky scandal, but no date has been set.