PSU: Fine not as impactful as it seems

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PSU: Fine not as impactful as it seems

By RACHEL COHEN & BRENT KALLESTAD
NEW YORK -- The 60 million fine levied on Penn State by the NCAA doesn't look so big next to the scale of the athletic department's finances.
Penn State plans to pay the fine, part of sanctions announced Monday over the child sexual abuse scandal, in five annual installments of 12 million.
The Penn State athletic department had more than 116 million in revenue to more than 84 million in expenses for the 2010-11 school year, according to data reported by the school to the U.S. Department of Education. The expenses don't include debt service or capital expenditures.
Penn State won't be able to save money by making cuts in other sports. The NCAA specifically prohibited that as part of the punishment.
Instead of simply cutting costs, the athletic department can make up for any shortfalls in another way: raising money.
Major college athletic departments receive significant financial support from booster clubs. The Nittany Lion Club took in more than 82 million for the 2011 fiscal year, according to its annual report. That includes 34 million in special gifts for facilities. Its annual fund brought in 17 million, and donations for suites and club seats at Beaver Stadium totaled 12 million.
There were 50 contributors who gave at least 20,000 each.
Bob Harrison, Class of 1962, has donated more than 250,000 to Penn State in his life. Frustrated that the NCAA based its sanctions on what he considers a deeply flawed Freeh report, Harrison's support for the school and the athletic department has not wavered. And he believes he's not the only booster who feels that way.
"I would say a high percentage supporting the athletic program will continue to," said Harrison, who worked for Goldman Sachs for 28 years.
Pennsylvania Gov. Tom Corbett demanded assurances from the university that taxpayer money would not be used. Penn State said it would cover it with its athletics reserve fund and capital maintenance budget and, if necessary, borrow money.
The reduction in football scholarships handed down by the NCAA will save the athletic program some. The accompanying bowl ban could also reduce costs, because schools often lose money on lower-level bowls.
The NCAA said the 60 million represented the average annual gross revenue of the football program. The money will go toward outside programs devoted to preventing child sexual abuse or assisting victims.
The Big Ten also announced that Penn State would not be allowed to share in the conference's bowl revenue during the postseason ban, an estimated loss of about 13 million.
At Penn State, the men's basketball team had profits of nearly 5 million in 2010-11, according to the Department of Education report. Teams other than football and men's basketball had about 23 million in expenses, and the athletic department spent another 36.5 million on expenses not allocated to a particular sport. Football cost 19.5 million.
Of course, football revenue could lag if the team struggles badly on the field as a result of the sanctions, and ticket sales decrease.
The university said earlier this month that its fundraising was strong over the past year despite the scandal. Penn State received more than 208 million in donations for the fiscal year that just ended, the second-highest total in school history.

Virginia Tech to hold four satellite camps

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USA TODAY Sports

Virginia Tech to hold four satellite camps

The hot topic around college football this offseason has been satellite camps and now the Hokies are getting into the mix. Head coach Justin Fuente announced on Tuesday that Virginia Tech will have four satellite camps over the summer, two will take place in key regions in Virginia while the other two will be out of state in Atlanta and New Jersey.

Of the two camps in Virginia, one will take place in the "757"—the Hampton, Norfolk, Virginia Beach area—while the other will be in Northern Virginia. The 757 region is an incredibly fertile recruiting area that has caught the attention of southern powerhouses like Florida State. Northern Virginia is also a hotly contested area with competition from the University of Virginia and the University of Maryland, among others.

The ACC previously banned satellite camps and pushed for a ban by the NCAA. The NCAA did ban the practice altogther, briefly, but after a national outcry, the ban was overturned last month.

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For his part, Fuente is not a fan of these camps, but recognizes the necessity of holding them.

“There’s a lot of issues with camps right now that we’re all trying to vet through,” Fuente said via Mike Barber of the Richmond Times-Dispatch. “In general, the whole traveling camp (idea) is not particularly good. It just opens up a lot of room for abuse. They’re not regulated at all. But I’m excited about being able to travel in our state.”

Going to Atlanta is an interesting move, but a necessary one if the Hokies hope to return to their former glory. Recruiting in the south opens Virginia Tech to more top-tier recruits. Obviously, it will be difficult to lure southern prospects away from the SEC powers, but being able to build a footprint in the SEC's backyard will greatly help Fuente's task of rebuilding the team into a conference contender.

The move to New Jersey also makes sense. The lack of a power program in the Northeast essentially makes the region up for grabs. Schools like Ohio State and Penn State have taken advantage of Rutgers' move to the Big Ten, but obviously the ACC maintains a presence throughout the east coast.

Virginia Tech's rather remote location makes holding these camps within the state important. The state was previously dominated by the Hokies in the glory days of the Frank Beamer era, but in-state recruiting has slipped in recent years. Holding Virginia camps will help Virginia Tech maintain its presence in the state.

“I think it’s certainly necessary in our state,” Fuente said. “We’re just going to dip our toe in the water of the other ones and see how that goes. I’m genuinely excited to do the ones here.”

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Virginia fires legendary lacrosse coach Dom Starsia

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(AP Photo/Kathy Kmonicek)

Virginia fires legendary lacrosse coach Dom Starsia

Virginia is making a change in leadership at the head of its lacrosse program.

On Monday the university announced that Dom Starsia, the all-time winningest coach in Division I lacrosse history with 375 victories, is being removed from his head coaching position, with a national search for a replacement to follow.

 

“Dom Starsia is a Hall of Fame coach and I want to thank him for all he has done for Virginia men’s lacrosse, UVA athletics, the University of Virginia, and the Charlottesville community,” Virginia athletic director Craig Littlepage said in a statement. “In addition to winning 73 percent of his games at UVA with multiple ACC and NCAA championships, Dom was committed to the development of student-athletes as his teams were cited for their sportsmanship and academic achievements. I’m grateful for the opportunity to have worked with and learned from Dom."

Under his watch, the Cavaliers won the ACC regular season championship ten times, and led the program to four National Championships (1999, 2003, 2006 and 2011).

He took a program that had not made the NCAA Tournament in four consecutive seasons and had not won a national championship since 1972 and turned it into arguably the top program in college lacrosse. Virginia is not just a good program, nor is it just a great program. It is a blue-blood program, something that can only be ascribed to one of three or four programs.

But the firing of Starsia comes on the heels of a 7-8 record, the program's second in three years, capping a four year stretch in which the program lost at least five games a year, for a 34-27 record since the start to the 2013 season. Prior to 2013, Starsia's Virginia teams had lost five games in a season just five times since taking over as the head coach of the Cavaliers in 1993. Virginia has a 1-15 record in the ACC since 2013 and has dropped 12 consecutive conference games. 

It also ends two weeks of speculation for Starsia, the program and recruits. On May 17th, it was reported that the university would not be renewing Starsia's contract. Two days later on May 19, a report indicated a contract extension had been confirmed.

But now it is official: Virginia is in the market for a new lacrosse coach for the first time since 1992.

Frank Beamer seems to be really enjoying retirement

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USA TODAY Sports

Frank Beamer seems to be really enjoying retirement

Retirement doesn't seem to suit everyone, especially in sports. History is full of examples of players and coaches who get antsy soon after calling it quits. That doesn't seem to be the case with Frank Beamer.

Beamer stepped aside at the end of the 2015 season after a 44-year college coaching career that included 29 years as the head coach at Virginia Tech. After such a long and storied career, you could understand if Beamer struggled a bit to adjust to life outside of coaching, but he seems to be doing just fine.

Hey, when you lead a program to 22 bowl games, seven conference championships and one national championship game berth, you can enjoy retirement any way you want.

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