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Sandusky Scandal Costs Nears $26 Million

The Jerry Sandusky scandal has now cost Penn State over $25 million…and counting.

Another month has passed and more legal bills have piled up at Old Main. Since the scandal began last November, Penn State has spent $25,926,451 on legal and public relations services. That number does not include the $60 million fine levied by the NCAA in July, nor does it include any financial settlements to the victims of the former Penn State defensive coordinator.

Jerry Sandusky is expected to appear at a hearing in Bellefonte tomorrow regarding his post-sentence motions. He was sentenced to 30-60 years in prison in October, but plans to appeal.

Here’s a breakdown of the costs can be found below:

  • Board of Trustees – Internal Investigation and Crisis Communications: $12,713,964
  • University Legal Services/Defense$7,005,036
  • Externally Initiated Investigations$956,449
  • Indemnified Persons’ Legal Defense: (Schultz, Curley, Spanier): $3,678,600
  • Other Institutional Expenses$1,572,402
This scandal certainly hasn’t been cheap for Penn State. And unless Governor Corbett can do anything about it, the costs are just going to keep accumulating, month after month. Expenses are creeping up on $100 million, and after victim settlements, don’t be surprised if that total is doubled by the end of 2013.

About the Author

Ryan Beckler

Ryan is a senior in the Smeal College of Business majoring in Marketing. He is a Lion Ambassador who loves giving tours to prospective students. His favorite activities include distributing news and consuming Chipotle.

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Penn State Hoops Gets Iced Up For NIT Title

A banner raising ceremony will commemorate the achievement prior to the team’s season opener on November 9 against North Florida.

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