PITTSBURGH TRIBUNE-REVIEW: Penn State will probably have to give its athletic department a long-term loan to pay the $60 million fine imposed by the NCAA after the child sex abuse scandal at the school, the university’s president said in an interview aired Sunday.
A combination of funds, including the football program’s financial reserves, will be used to pay the fine, Rodney Erickson told CBS’ “Face the Nation.” The NCAA imposed the fine last week along with a four-year bowl game ban, reduced football scholarships and the forfeiture of 112 wins.
“To the extent that some parts of intercollegiate athletics perhaps became too separate, and became too much areas unto themselves and not sufficiently wrapped into the rest of the University – that’s something that we really are looking at,” he said, adding that the critical report by former FBI director Louis Freeh had made recommendations on the issue…. (more)
