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NCAA ‘task force’ set up to disburse PSU’s $60 million fine

Penn State Abuse AP

Most of the sanctions levied against Penn State by NCAA president Mark Emmert are direct and self-explanatory. How the $60 million fine would be disbursed, however, was a bit more complex.

Enter a new NCAA ‘task force’ to take care of that detail. In a Tuesday release, the NCAA said it was setting up a group of 10 to “develop the philosophy and guidelines for the $60 million endowment… that will benefit external programs for the prevention of child sexual abuse and victim treatment.”

“Since July, Penn State has received input from a variety of sources with respect to the structure and operation of the endowment, which we have passed along to the NCAA,” said Penn State President Rodney Erickson in a statement. “The NCAA has determined that at least one-quarter of the annual disbursements from the endowment will be reserved for Pennsylvania organizations. However, recognizing that child sexual abuse is a national issue, the NCAA has determined that grants from the endowment will be available in other states as well. Penn State appreciates the commitments of the task force on this important endeavor that will help countless victims of child sexual abuse.”

Here is a copy of the consent decree signed by Penn State. The school must pay the $60 million fine in $12 million lumps over five years. No PSU-run programs are eligible for the money, but the school will be able to have a vote in where a portion of the endowment goes because two members of PSU’s faculty are on the task force.

Penn State is also facing a loss in bowl revenue from the Big Ten conference ($13 million), scholarship loss and a postseason ban in the aftermath of unprecedented steps taken by the NCAA following the Freeh report.

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5 Responses to “NCAA ‘task force’ set up to disburse PSU’s $60 million fine”
  1. southernpatriots says: Sep 18, 2012 3:20 PM

    It is good this task force will be examining which child advocate and child abuse prevention, treatment, and education programs will receive endowments. That assures that groups sensitive to and dealing with children who have been abused will receive the funds.

    Some good may well come from this horrid scandal, the largest in the history of higher education.

    Our very best to all victims of Sandusky. May each one of these young men receive proper assistance and therapy to help them live as normal a life as possible.

  2. geetee52 says: Sep 18, 2012 4:44 PM

    It would be interesting in a few years to see a financial statement from this endowment fund to see how much money is making it to victims versus how much is going to administrators and managers to run it.

    A task force sounds pretty technical. They’ll probably need office space, staff, cars, travel budget, etc to make it run efficiently. (Sorry, I couldn’t resist).

    Something tells me there will be less than full disclosure going forward. Generally speaking, vague missions like this more often than not have difficulty passing the sniff test.

  3. southernpatriots says: Sep 18, 2012 6:00 PM

    geetee52:

    Well put. Your concerns are well founded. I hope the funds do go to the victims but I even think some of the programs to which a percentage of this fine money may go to may well have the administrative costs out of line. Sadly, many charities do. There are some charities I will no longer support because an ever increasing amount of funds went to administrative costs (or fund raising costs).

    I am not aware of how long Emmert intends head the NCAA. I know from his tenure at LSU, that he tends to hold his department heads and those under him accountable and can be quite a taskmaster with a smile. Someone certainly needs to hold this committee’s feet to the fire because we do not need another scandal to go with the biggest scandal to rock higher education in history.

  4. dannythebisforbeast says: Sep 19, 2012 7:30 AM

    Follow the money. I am sure it will be earmarked for connected friends like it always is with other peoples money.

  5. alligatorsnapper says: Sep 19, 2012 7:40 AM

    I hope it won’t be squandered to pay bureaucrats or not reach abused children to which is earmarked.

    A decade ago or so, I would have said that reporters and the news media would keep the administrators in line with their reporting. I no longer have that confidence, most seem to have their own agendas.

    Is there any way we can monitor these funds and follow them to their intended recipients, etc.? Who will safeguard that the committee and NCAA are doing the right thing? ESPN? ha. I really would like to know and see if maybe something can be done.

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