((HT: CBS Sports))
Looks like the NCAA is going to fine Penn State at least $30 million and, perhaps as much as $60 million- according to CBSSports.com's Brett McMurphy.
The fine will go toward an endowment for children's causes, according to those same "sources."
"This is a fine like no fine before," an industry source told CBSSports.com. McMurphy also he Tweeted that Iowa president tells Des Moines Register Big Ten could add additional punishment to Penn State after NCAA's
The equivalent of piling on...
Jerry Hinnen wrote on CBSSports.com that Penn State's athletic revenue for the 2010-11 year was $116-million. Applying that percentage would be in the 25-50 percent range...
Of their entire athletic revenue stream... and the money could be earmarked for an endowment toward children's causes...
To recap, here's where Mark Emmert is coming from... the "Tavis Smiley" interview...
((HT: PBS/youtube))
More from David Jones in Harrisburg at the Patriot-News...
"...I have been assured they will not be appealed or substantively challenged.
"Penn State is desirous of a positive relationship with the NCAA in the future. I believe the university is also eager to clear the decks of the Sandusky mess with as much dispatch as is possible, especially before fall semester begins. I believe the rationale is that contention would only prolong the period before healing can begin."
More when we may know more...
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