State College, PA - Centre County - Central Pennsylvania - Home of Penn State University

Penn State Sets Aside Another $12 Million for NCAA Fine

by on January 09, 2014 9:56 AM

Penn State University has set aside its second installment of a $60 million fine owed to the NCAA as part of sanctions related to the Jerry Sandusky child abuse scandal.

University spokesman Dave La Torre confirmed Thursday that the university earmarked another $12 million for the fine. So far, the university has a total of $24 million saved.

Penn State's fine, which will be distributed to charities and programs that aid victims of sexual abuse, was one of the penalties levied against the university when Penn State entered into a consent decree with the NCAA.

Penn State paid the first $12 million installment into an escrow fund in December 2012.

State Sen. Jake Corman sponsored legislation requiring the funds be spent in Pennsylvania. Gov. Tom Corbett signed the bill into law. The NCAA says the legislation is unconstitutional and filed a lawsuit against Corbett and the Commonwealth of Pennsylvania.

The NCAA said last year it would not dole out any of the funds until the matter is settled in court.

Penn State has now spent nearly $64 million on the NCAA fine, legal fees and other expenses related to the Sandusky scandal. Additionally, the university reached a settlement with 26 of Sandusky’s victims for a total of $59.7 million.

Sandusky, the former defensive coordinator for Penn State, was convicted in 2012 on 45 counts of child sex abuse. He is currently serving a 30 to 60 year sentence.

Popular Stories:

Penn State Wrestler Receives Alternative Sentence for Arrest

Penn State Coaching Search: What I’ve Heard Is Telling

Penn State Football: Franklin In Crosshairs As Search Continues

2014 Starts Fast But There's More To Come

Guilty Verdict for Drug Dealer who Injured Woman While Fleeing from Police

Judge Considers Delay in Spanier's Defamation Suit Against Freeh

Judge Issues Split Decision in Paterno Lawsuit Against NCAA

Towing Companies Keep Busy During Frigid Weather

Sandsuky Testifies at Pension Hearing; Decision Weeks Away

Penn State Football: Alex Kenney Set To Transfer To UMass

Penn State Football: Players Here, Search for Coach Optional

Jennifer Miller is a reporter for She has worked in journalism since 2005. She's covered news at the local, state and national level with an emphasis on crime and local government.
Next Article
2014 Starts Fast But There's More To Come
January 09, 2014 7:25 AM
by Jay Paterno
2014 Starts Fast But There's More To Come
Disclaimer: Copyright © 2018 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

order food online