Penn State Scandal: How Much of the Football Team's $50 Million a Year Is Lost?
When the news was released that former defensive coordinator Jerry Sandusky allegedly sexually abused little boys, you knew that is wasn't good for Penn State.
Not only would it tarnish the program for a very long time, but it would also affect legendary head coach Joe Paterno. We saw that last night when the Penn State board of trustees decided to cut ties with the coach.
We also knew that the news would affect recruiting as well. Any decent parent in the country would think twice about allowing their child to attend a university that was involved in a sex scandal. Two days ago the Nittany Lions top recruit in Noah Spence tweeted that he may decide to cut Penn State off of his list and look to play ball elsewhere.
Then you have to think about how much money this is going to cost the university.
According to this report, the Penn State football program brings in $50 million dollars a year. In the 2009-10 academic year, the football team generated $70.2 million dollars in revenue and $50.4 million of that was profit.
Not bad at all.
Only two football programs made more that season and that is the University of Texas and the University of Georgia.
That makes the football program the third most profitable in any sport in the NCAA.
This program lost their legendary head coach, will lose several top recruits for who knows how long and will probably struggle on the football field for a long period of time.
Only time will tell how much this program will lose, but you can bet that they won't be in the top three in profit a year from now or anytime soon.
Randy Chambers is a B/R Featured Columnist that covers College Football and the NFL. You can contact him @Randy_Chambers or Randy.Chambers7@yahoo.com
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