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.

No. 24 Terps struggle again at home, fall to unranked Iowa 83-69

No. 24 Terps struggle again at home, fall to unranked Iowa 83-69

COLLEGE PARK, Md. -- Freshman Jordan Bohannon scored a career-high 24 points, hitting 8 of 10 3-pointers, to help Iowa breeze past fading No. 24 Maryland 83-69 Saturday night.

Tyler Cook had 21 points and 10 rebounds for the Hawkeyes (16-13, 8-8 Big Ten), who improved to 2-7 on the road this season. Iowa led by seven at halftime and erased any shred of suspense by taking a 16-point lead with 10:28 remaining.

The Hawkeyes went 16 for 26 beyond the arc in avenging a home loss to Maryland on Jan. 19.

Bohannon came in averaging 9.2 points per game and shooting 37 percent from 3-point range. Cook, who's also a freshman, scored only eight points in the first meeting between the teams.

Kevin Huerter scored 13 points for Maryland (22-7, 10-6). Since opening 20-2, the Terrapins have lost five of seven and three in a row.

Eager to rebound from a home loss to Minnesota, the Terrapins came out flat against an Iowa team that had beaten only Rutgers on the road.

Maryland's biggest lead was two points, and the Terps never led after relinquishing a 24-23 advantage midway in the first half.

Maryland went 11 for 34 from 3-point range and took only nine free throws.

Cook scored 15 points and Bohannon drilled four 3-pointers to help Iowa take a 47-40 halftime lead.

The Hawkeyes went 8 for 12 from beyond the arc, outrebounded Maryland 20-14 and limited standout guard Melo Trimble to three points on 1-for-5 shooting.

Huerter opened the second half with a 3-pointer to give the crowd hopes of a comeback, but Bohannon nailed three 3s in a 10-1 spurt that made it 58-44.

Trimble finished with 10 points, going 1 for 9 from beyond the arc.

Big second half run caps a 91-75 Hokies victory over Boston College

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USA Today Sports

Big second half run caps a 91-75 Hokies victory over Boston College

BOSTON -- Justin Bibbs scored 13 points, getting seven with a 4-point play and a 3-pointer 27 seconds later to cap a game-breaking 21-6 run that carried Virginia Tech to a 91-75 win over Boston College on Saturday.

Zach LeDay led the Hokies (20-8, 9-7 Atlantic Coast Conference) with 18 points. Ty Outlaw had 16 and Seth Allen 15.

Jerome Robinson scored 25 and Ky Bowman added 16 for the Eagles (9-20, 2-14), who have lost 12 straight.

The Hokies broke a 50-all tie when Justin Robinson hit the first of two free throws that triggered the key run.

Following a driving basket by Allen, BC's Mo Jeffers was whistled for a technical when he slammed the ball to the floor after being called for a blocking foul. Allen then hit two free throws and LeDay had a 3-point play, making it 56-50.

The Hokies capped the run when Outlaw had a 3-pointer from the left corner, Bibbs a 4-point play after he nailed a 3 and was fouled by A.J. Turner, and Bibbs followed with another 3 from the top of the key.

There was a moment in the first half when nearly all 10 of the players on the court hit the floor during a long scramble for a loose ball -- that rolled from inside the 3-point line before it was tied up at midcourt for a jump ball.