Sandusky scandal costs now top $171 million at Penn State
November 18, 2013 11:38 PM
Matt Rourke/Associated Press
Former FBI director Louis Freeh led an eight-month inquiry on Penn State's actions concerning child sex abuse allegations against Jerry Sandusky.
By Bill Schackner / Pittsburgh Post-Gazette
For Pennsylvania's flagship public university, a scandal's cost continues to grow.
Penn State University now says legal fees, consultants and fines associated with the Jerry Sandusky child sex abuse scandal have reached almost $52 million, pushing total known scandal expenses and lost revenue past $171 million.
The new sum, which reflects the university's cost as of Aug. 31, of $51,792,125 for lawyers, consultants and other crisis help is about $1.3 million more than a month ago, the last time Penn State updated those costs.
The tally includes the first $12 million fine installment paid to the National Collegiate Athletic Association, but is not a universal reflection of the scandal's total financial impact.
It does not include the remaining $48 million in fines still due the NCAA, the $59.7 million in civil settlements paid to 26 child victims of Sandusky, a former Penn State assistant football coach now in prison, or the $13 million in bowl revenue stripped away from the university.
Once those are included, it brings the total financial impact acknowledged by Penn State so far to approximately $171.5 million.
The Aug. 31 total is the most current available. Penn State notes on its website that it typically takes 40 to 45 days to receive all invoices and that figures are released as soon as possible.
In addition to the $12 million fine installment, the latest total includes: Freeh Sporkin & Sullivan/Pepper Hamilton LLP: $8,171,177; Independent NCAA monitor DLA Piper LLP: $2,123,213; Board of Trustees -- legal services, consulting services and communications: $7,355,608; University legal services/defense: $12,014,338; Externally initiated investigations: $1,149,920; Indemnified persons' legal defense: $6,858,381; Other institutional expenses: $2,119,488.
Penn State officials announced the civil settlement price tag last month. Sandusky is serving a 30- to 60-year sentence after being convicted last year of 45 counts of child sex abuse spanning more than a decade, including some on Penn State's campus.
Correction, posted Nov. 19, 2013: Penn State says that, as of Aug. 31, legal fees, consultants and fines associated with the Jerry Sandusky child sex abuse scandal have reached almost $52 million.
Bill Schackner: email@example.com, 412-263-1977 and on Twitter: @BschacknerPG. First Published November 18, 2013 1:42 PM