Penn State revealed earlier this month that their payouts to Jerry Sandusky victims are now in excess of $100 million. The school disclosed in its annual financial statement that they recently paid out an additional $16 million to people who have claimed they were victims of Sandusky. Prior to that revelation, the school had stated they settled with 33 people for a total of $93 million, meaning that their grand total in payouts to victims is $109 million. In addition, the school revealed they spent at least $4.9 million last year in costs related to Sandusky and internal investigations. When paired with last year’s payments, the school’s total Sandusky-related costs exceed a quarter-billion dollars. The report also revealed that the school settled with former assistant coach Mike McQueary, who was terminated shortly following the scandal’s outset in 2011. McQueary had previously won a $12.3 million whistleblower and defamation lawsuit last year, in addition to $1.7 million or legal fees. The report stated that the amount the two parties agreed to in the settlement was “for a lesser amount” than the jury awarded, but the amount remained confidential. Sandusky is currently serving a 30- to 60-year sentence for sexual abuse.
