No. It says the tab is now $80 million. It will grow substantially from there assuming the fine keeps being paid, the legal fee continue to mount, and more victims come forward.
If they counted all the potential gifts that are not being given I'd suspect several hundred million.
As others have pointed out....that $80 million number is pure nonsense (LOL - what else would you expect from the "leaders" of Dear Old State?).
They could have said the costs were $4.27 with equal credibility.
I won't go into the accounting - of JUST the direct and available numbers - but even just the direct costs are SEVERAL HUNDRED MILLION....at least.
There is no way to issue a definitive total costs - including the tangential fallout.....but I think even a relatively conservative LEGITIMATE estimate may be breaching $1 BILLION before it is all over.
IIRC - a "think tank" type of group (I wish I had made note of the name), at a annual gathering in D.C - estimated the costs would top $1 Billion......and that gathering - again, IIRC - took place last fall.
[EDIT....just to show how ludicrous that figure is.....I spent a hundred seconds or so just tabulating some of the direct costs (all in Millions):
CD Fine - $60
Services of G Mitchell - approx. $10 and counting
Louis Freeh - $9 (not even counting the internal manpower costs.....a real low-ball total would be $15-20)
Lost share of B1G Bowl Revenues - $6
"Victim Settlements" - $90-100
Costs to implement "Freeh Recommendations" - $12 up front + ongoing annual expenses
Reimbursement/Extortion of State's Legal Fees - $2
That's approx. $200 Million just of the direct costs, off the top of my head in about a minute
A few minutes more, and one could probably compile another $100 million or so.
And then you start to look at the indirect......the legal expenses for all of the lawsuits, court cases etc (any chance that comes in UNDER $50 million?.....the manpower hours for every employee "on the clock" with all of the fallout aspects....."brand damage", licensing, etc.....the ongoing, and likely institutionalized manpower costs -ie do you really think the DeGiorno-type positions WON'T become permanent costs? Or that we will ever NOT have those dozen or so "Inside Counsels" - and their administrative staffs - that we now support, on the payroll?
The costs will - LITERALLY - never stop adding up. LITERALLY! Think about that for a moment.
From now until eternity, every student who ever writes out a tuition check, will be subsidizing the malfeasance of this Band of Scoundrels
From now, until the day Old Main crumbles to the ground...this University, and the University's mission, will be handicapped by the fallout from the way the Scoundrels controlling this University have behaved.]
