Re: Any chance the Penn State scandal has an impact on hockey?
The section on levies and fines on this website discusses if the money's coming out of athletics, if it will have any impact on the Pegula Ice Rink or other renovations. Pretty comprehensive look at the whole scandal's sanctions as well.
http://excalibursportspage.com/2012/07/23/the-penn-state-file/
IIRC, that endowment is the sum total of EVERY asset on the campus (facilities, staff positions, lab equipment, everything.) Almost all of it is earmarked for individual purposes. You can't use that money for other purposes without big important people getting all litigate-y and authorities getting all misappropriation of funds-y.
Your net worth is $500K, but $450K is your house and another $30K is your car, appliances, etc. And technically, they're held in trust as a gift so you can't even borrow against them. You just got slapped with a $100K judgment. Have fun.
The section on levies and fines on this website discusses if the money's coming out of athletics, if it will have any impact on the Pegula Ice Rink or other renovations. Pretty comprehensive look at the whole scandal's sanctions as well.
http://excalibursportspage.com/2012/07/23/the-penn-state-file/