How to Come Up With $60 Mil

As you know, Penn State is faced with the requirement of paying a directed $60 million fine assessed by the NCAA. How will the University amass the resources to deal with what seems to be such a huge financial hit?

Athletic Director Dave Joyner describes the situation as a war. “We’re in an occupation, if you will, and so now we’re rebuilding.”

Mark Dent of the Pittsburgh Post-Gazette has written a two-part, informative piece in this subject area. In the first part, he focuses on where the money will come from, and along the way he discusses in detail the trade-offs involved in the notorious STEP program. In the second, he examines the effect of the financial pinch on other sports beside football.

Check it out.