Penn State Sex Scandal Will Cut $10 Million From Football Team's Value

HARRISBURG, Pa. (AP) — Gov. Tom Corbett scheduled a news conference for Wednesday to announce the filing of a federal lawsuit against the NCAA over stiff sanctions imposed against Penn State in the aftermath of the Jerry Sandusky child sex abuse scandal.

STATE COLLEGE, Pa. (AP) — Jerry Sandusky said in interview excerpts broadcast Monday that a key witness against him misinterpreted him showering with a young boy in Penn State football team facilities more than a decade ago.

When the Jerry Sandusky scandal broke in 2011, many wondered if the athletic program at Penn State would survive. A closer look at revenues shows that the athletic program is doing just fine.

? On March 2, 2002 Penn State football Coach Joe Paterno learned that his former defensive coordinator, Jerry Sandusky, was a possible sexual predator. He learned this after graduate assistant Mike McQueary told Paterno that he, McQueary, had seen Sandusky rape a 10-year old boy the day before in a Penn State shower. At the ...

As a Penn State graduate and a lifetime fan of the school's football team, it is hard to explain my reaction to all the news coming out of State College, including Joe Paterno's decision this afternoon to resign as coach of the Nittany Lions at the end of this season (with the school President Graham Spanier expected to resign or be fired later today). For a long time, as other programs around the U.S.

provided an in-depth analysis of Penn State?s football program and the possible fallout from the sex scandal involving former defensive coach Jerry . Rishe give a breakdown on the revenue sources for the football team and makes a strong case that the immediate hit to the school will be $5 to $10 million. Rishe thinks ...