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Penn State To Pay $60 million To 26 Men Because Of Jerry Sandusky's Atrocious Ways

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jerry sandusky 60 million payout

$60 millions seems like a big number until you realize what it's for — and not a penny of that can bring back what was taken from at least 26 men by Jerry Sandusky's abuse.

The news that Penn State is paying out $60 million to 26 men comes as a way to settle claims of child sexual abuse, after negotiations that lasted almost an entire year.

The 23 deals are fully signed and three are agreements in principle, but that's not the whole end to this awful, awful chapter in Penn State's history — there are another six claims, but it's believed that at least a few of them don't have merit, while there's a possibility that a settlement could come for others after further exploration.

Here's what the University President Rodney Erickson said:

"We hope this is another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State. We cannot undo what has been done, but we can and must do everything possible to learn from this and ensure it never happens again at Penn State."

Thankfully, all of this money is going to be funded in part by various liability insurance policies, meaning not a CENT will be paid for by student tuition, taxpayer funds or donations.

While Sandusky is still fighting for an appeal, three former Penn State administrators still await trial in Harrisburg on charges they engaged in a criminal cover-up. Those awaiting trial are former president Graham Spanier, retired vice president Gary Schultz and retired athletic director Tim Curley.

All of them have denied their involvement.

We'll be glad when this is in the past, so those hurt can really start healing!

[Image via AP Images.]

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2 comments to “Penn State To Pay $60 million To 26 Men Because Of Jerry Sandusky's Atrocious Ways”

  1. samantha says – reply to this


    1

    The saying that comes to mind after reading this is " Money can't fix everything or buy happiness." 60 fucking million dollars ?! Honestly who needs that much fucking money.

    I feel TERRIBLE for what this man did to those people and he deserve everything he will get in hell. But honestly, 60 million dollars EACH ?!

  2. Bri says – reply to this


    2

    Re: samantha – Its not each.. All the money added together ends up being 60 million dollars which means like 2.3 million to each person