We know Sandusky didn’t have use for any beaver.

Sold her the house for a dollar. Even a Lincoln Log house is gonna run you about tree fiddy.

It’s pretty much standard practice to sell cars/homes betweeen family members for $1.

This retirement package and selling his house to his wife last July could suggest someone bracing for potential liability.

Yes.

theTed Says:
November 13th, 2011 at 11:55 AM
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Penn St. will never recover from this. The football program is toast. I think the institution might survive, but it will probably change it’s name somewhere down the road. I’ve been waiting all week for TBL to make this post, but since he hasn’t, I will make the comment myself.

The state prosecution and federal investigation/(inevitable) prosecution are just the beginning. It’s the civil suits, with the lower evidentiary standard, that will deal the final blow. I don’t know if Paterno will ever be found personally liable, but the institution will likely end up paying close to 100 million in damages to the victims. The details that these trials will reveal, well, I can only speculate. I think the details will make headlines. It’s the emails folks. It’s always the emails.

To all the morons who mocked me in that thread: suck it.

In fact here is one:

phillymantis915 Says:
November 13th, 2011 at 12:33 PM
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but the institution will likely end up paying close to 100 million in damages to the victims.

Penn State’s $2 billion endowment says hi. Also having notable corporate alums such as the CEOs of US Steel, Nike, Merck, ADM, Verizon Wireless and Sallie Mae along with the president of the AFL-CIO will help with any brunt of legal expense.

Nike? Yeah. How’s that working out?

That’s because nobody wants to know what went on inside that thing the weekends Sandusky rented it from them.

Didn’t they pay them the remainder of his contract.

/pours one out for maggs

/Jesse Pinkman’d

I’d rather be cash rich and stock poor.

/Fat stacks

For some reason that’s the key figure in all this that seems odd to me. Though his salary was far below his coaching comparables, there’s no reason that he should have had $350k in loans from the school. I don’t understand why that occurred.

The loans are definitely odd.

Just think there’s a lot of internal politics here that may not have had anything to do with Sandusky.

I would love to understand the circumstances that leads to hundreds of thousands of loans being given to a guy with a multi-million dollar pay package and, presumably, a meager lifestyle. The guy wasn’t doing weekends in Vegas at the tables/clubs or rolling around in a Bugatti.

For some reason that’s the key figure in all this that seems odd to me. Though his salary was far below his coaching comparables, there’s no reason that he should have had $350k in loans from the school. I don’t understand why that occurred.

As for part of this being some grand conspiracy related to the Sandusky issue, I’m highly pessimistic. If anything I’d say Joe’s intentions were to somehow dictate the retention of the staff and basically have the say in the new hire (cough, his son, cough).

Lastly, this is just another example of Spanier operating above and beyond his responsibilities to the school and the BOT. How he continues to draw a paycheck and avoid criminal charges is beyond comprehension.

It’s like the 50th most interesting thing about the whole situation – but I’m still curious.