Monday, July 30, 2012

Penn State likely will loan money to pay NCAA fine

WASHINGTON (AP) ? The president of Penn State says the university will probably have to give its athletic department a long-term loan to pay the $60 million fine imposed by the National Collegiate Athletic Association in light of the child sex abuse scandal.

Rodney Erickson told CBS's "Face the Nation" program in a broadcast aired Sunday that a combination of funds including the football program's financial reserves will be used to pay the fine.

Asked whether Penn State had put too much emphasis on football, Erickson called the athletics program "a tremendous success" but said some parts perhaps "became too much areas unto themselves."

Erickson also said people will have to judge for themselves the legacy of longtime coach Joe Paterno, but he said he believes the coach's educational legacy will stand.


?2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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