the insult to the victims continues: Board: No plans to change Paterno's contract

[spanone]

(CNN) -- The day after an internal review blasted Penn State for its handling of a child sex abuse scandal that implicated top administrators, including the school's iconic head football coach, the board of trustees made it clear that a lucrative deal the university made with Joe Paterno that now benefits his estate will still stand.

"Contracts are contracts," Board of Trustees Chair Karen Peetz said Friday during a trustee meeting in Scranton, Pennsylvania. "And no there's no plan to (change) that."

Renegotiations over Paterno's contract began with university officials in January 2011, according to a source, the same month that Paterno testified before a grand jury about what he knew of child sex abuse accusations against Jerry Sandusky, a former assistant coach on the football team.

Ten months later, Sandusky was arrested. He was convicted last month of sexually abusing children over a 15-year period, with much of the abuse occurring on the Penn State campus.

http://www.cnn.com/2012/07/14/us/pennsylvania-penn-state-paterno/index.html?hpt=hp_t1

[Smilo]

1. Would they

do this if it was someone who cleaned the gym?

Paterno was scum allowing this to happen and his family should not benefit from what he covered up.

[Posteritatis]

2. Nice contract, if it's valid after termination and doesn't have a morality clause.

Be great if us plebians got such terms, wouldn't it?

[Avalux]

3. I just want them to take his statue away and remove his name from Happy Valley.

So that there are no reminders of Joe Paterno; no lasting legacy. I want him to be forgotten, so that everyone involved in this clusterfuck can start to heal.

[spanone]

4. meanwhile the state (via penn state) will be writing checks to his estate....

the terms....

According to the university website, Paterno's amended contract was finalized in August 2011 and totaled $5.5 million in payouts and benefits, which included a $3 million bonus and title as head football coach emeritus if he retired at the end of the 2011 season.
The package, which was published online in April, also included a $425,000 head coach bonus, $900,000 in television and radio revenue, $250,000 in debt forgiveness, use of the university's luxury box, use of the school's hydrotherapy equipment and $1,000 monthly payment to Paterno's wife for the rest of her life, among other benefits.

[Avalux]

6. And Sandusky is still getting his PSU pension.

This world is so f*cked up.

[spanone]

7. i had no idea....good God

[Avalux]

8. Yep. How's that for a kick in the gut?

Hopefully civil suits will drain him and his complicit wife of every damn penny and then some.

[exboyfil]

11. Many places pensions are exempt from

collection for civil judgements (ala O.J.). How about victim compensation - would pensions be exempt from that finding and does Pennsylvania have victim compensation laws? Also what laws in place to seize income/property to service the debt related to incarceration (many on the board disagree with that viewing it as a form of debtor's prison when lower income people are impacted)?

Also employment contracts might contain provisions for lack of fiduciary duty or malfeasance, but it would be very difficult to pursue usually (and possibly set a bad precedent). Could PSU sue for actions which damaged its reputation (no way they would given the other circumstances).

[choie]

5. if his wife (or rest of his family)

had any moral backbone, they would give the school back the money and benefits...but they don't.

[spanone]

9. my local news here in nashville just reported that PSU announced they will keep paternos statue....

said it represented 'the good he did'

good golly ms molly

[exboyfil]

12. Also you get the spectacle of the Paterno

family in the Luxury boxes for home games for the next 25 years. Since they are leaving the statue up, I guess that won't bother PSU much. I frankly would pay them to go away. Hopefully the money would eventually end up with the victims.

[cindyperry2010]

10. i have been trying to understand this from the beginning...

after having heard this story breaking. it makes no earthly sense to me. the two pictures are totally divergent. we have a evil sick p o s up there doing horrible things. then we have someone who purportedly held himself up to a higher moral virtue and finding out he covered up for that evil? it makes no sense to me why? was he blackmailed for some reason? or was it all about the money and the legacy and the prestiege of the program? or in the was a greedy old bastard knowing this bomb was gonna go off sooner rather than later he got as much as he could signed ownership of his house over to his wife and said fuck everybody not having an intention of dying? what is the real answer here. and where the hell is ray gricar and what happened to him?