Odd, considering that the

Donal — Sat, 14 Jul 2012 18:47:38 +0000

In reply to Paterno Won Sweeter Deal Even

Odd, considering that the Paternos donated hundreds of thousands back to PSU over the years. Way before this scandal broke, I recall hearing some grumbling that Paterno was hanging on to the head coaching position so he could hand the job to his son Jay.

Paterno Won Sweeter Deal Even

artappraiser — Sat, 14 Jul 2012 17:06:35 +0000

In reply to Paterno, PSU officials in 14-year cover-up

Paterno Won Sweeter Deal Even as Scandal Played Out
By Jo Becker, New York Times, July 14/15, 2012

In January 2011, Joe Paterno learned prosecutors were investigating his longtime assistant coach Jerry Sandusky for sexually assaulting young boys. Soon, Mr. Paterno had testified before a grand jury, and the rough outlines of what would become a giant scandal had been published in a local newspaper.

That same month, Mr. Paterno, the football coach at Penn State, began negotiating with his superiors to amend his contract, with the timing something of a surprise [....]

By August, Mr. Paterno and the university’s president, both of whom were by then embroiled in the Sandusky investigation, had reached an agreement.

Mr. Paterno was to be paid $3 million at the end of the 2011 season if he agreed it would be his last. Interest-free loans totaling $350,000 that the university had made to Mr. Paterno over the years would be forgiven as part of the retirement package. He would also have the use of the university’s private plane and a luxury box at Beaver Stadium for him and his family to use over the next 25 years.

The university’s full board of trustees was kept in the dark about the arrangement until November, when Mr. Sandusky was arrested [....]

Board members who raised questions about whether the university ought to go forward with the payments were quickly shut down, according to two people with direct knowledge of the negotiations [....]

dagblog - Comments for "Paterno, PSU officials in 14-year cover-up"

Odd, considering that the

Paterno Won Sweeter Deal Even