Penn State asks for parties to settle dispute over $60 million fine

PITTSBURGH POST-GAZETTE: An attorney for Penn State University sent a letter Tuesday to the NCAA and various state officials requesting that the parties settle their disagreement over how the first installment of the school’s $60 million fine stemming from the Jerry Sandusky child sexual abuse scandal is allocated…

Lawmakers in Pennsylvania objected to the notion that the money would be spent outside the commonwealth and in February, Gov. Tom Corbett signed a law, passed overwhelmingly in both the House and Senate, that the fine be kept in-state.

The NCAA promptly filed a lawsuit to block the law, arguing that it was an attempt by the state to negate a contract between Penn State and the organization… (more)

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