I don't understand why some are expecting the $60M to come from the taxpayers? No doubt eventually the financial hit from all this is going to nearly cripple Penn State, and thus impact the taxpayers, but it's going to take years for the civil proceedings that will cause the crippling to be processed. In the meantime, Penn State is sitting on a huge endowment and the $60M represents just one year's average revenues from the football program. It's to be implemented immediately - I would think that public pressure from the taxpayers will force Penn State to self-fund it? Now down the road the taxpayers won't be able to bring public pressure when Penn State's coffers might be depleted, but right now they've got the money - why shouldn't they have to spend it?
The NCAA hasn't specified where the money must come from but they have said from where it can't.
Q. You mentioned the $60 million is equivalent to a year's worth of revenue from the football program. Does this also require that that money come from the athletic department or any particular source?
MARK EMMERT: It does not require a specific source. In universities, like most businesses, money is fungible. But we are insisting that this not come at the cost of reduced programs in the athletic department and other student scholarships.
*****
A couple interesting links from ncaa.org -
7/23/12 Press Conference Remarks
7/23/12 Press Conference Q&A
With a little bit of time and being able to read these things through, I'm impressed with the NCAA's decisions here (despite them still allowing football to be played thus giving a reason and a place for the Million Martyr Movement to congregate during home games.) Every sanction they imposed was carefully thought out, has significance to Penn State's program, and should result in an erosion of the poisonous culture. I especially love that there will be outside oversight to make sure that the sanctions to which Penn State has agreed will be implemented, that PSU is now under a five-year probationary period with the NCAA, and that the NCAA is reserving the right to impose sanctions on individuals following whatever Court actions take place.
My favorite result of the NCAA's sanctions is that Joe Paterno's legacy has been destroyed. Others' have been as well, but his is the one that matters most. He is the one who is most responsible for the cover-up that enabled Jerry Sandusky to molest multiple victims over a period of years, and he is the one who was both symbolically and literally placed on a pedestal in that community. The higher you climb the further you fall, and his plunge is very well-deserved.