McQueary payout

[bdgan]

I saw $7.3 million + more to come on the whistle blower thing. That got me thinking. MM might wind up with nearly as much as Joe made during his first 30 years. I know that Joe made $20k when he became head coach in 1966 and he made approximately $500k in 2007.

 

[mn78psu83]

I saw $7.3 million + more to come on the whistle blower thing. That got me thinking. MM might wind up with nearly as much as Joe made during his first 30 years. I know that Joe made $20k when he became head coach in 1966 and he made approximately $500k in 2007.

Are you comparing it to just Joe's base salary? Also, Joe wasn't sharing 40% + with an attorney.

 

[Nittanyplayer#12]

I was wondering the other day if Penn State could appeal this. Any answer to this?

 

[Woodpecker]

Are you comparing it to just Joe's base salary? Also, Joe wasn't sharing 40% + with an attorney.

Yes, you need to factor in all of Big Red's future product endorsements

 

[mn78psu83]

Yes, you need to factor in all of Big Red's future product endorsements

I've never tried dr. perky. Can't wait.

 

[Tom McAndrew]

I've never tried dr. perky. Can't wait.

geez, that's too easy a setup line. I'll leave it alone, but IllinoisLion might not be so kind.

 

[bjf1991]

I saw $7.3 million + more to come on the whistle blower thing. That got me thinking [How did that feel for you? Strange and uncomfortable?]. MM might wind up with nearly as much as Joe made during his first 30 years. I know that Joe made $20k when he became head coach in 1966 and he made approximately $500k in 2007.

JVP coached in a different era(s), wrt coaching salaries - that's for damn sure

Further, JVP was - by any reasonable metric - a "financial bargain" for PSU throughout his coaching career....no doubt


All that said.....knuckleheads who like to pretend JVP was not a "well into the seven figures" coach (once the coaching salary market blew up in the late 20th century), just come off as oblivious noobs.

 

[mn78psu83]

geez, that's too easy a setup line. I'll leave it alone, but IllinoisLion might not be so kind.

I'm ducking Tom but I have to be able to take the incoming barrage. Let me guess what dr. perky is - a sports drink?

 

[91Joe95]

Are you comparing it to just Joe's base salary? Also, Joe wasn't sharing 40% + with an attorney.

It went to taxes instead.

Someone correct me if I am wrong, but I don't believe settlements are taxable.

 

[91Joe95]

geez, that's too easy a setup line. I'll leave it alone, but IllinoisLion might not be so kind.

I don't know, this one might be a job for woody.

 

[mn78psu83]

It went to taxes instead.

Someone correct me if I am wrong, but I don't believe settlements are taxable.

According to the tax code, the only damages you can enjoy tax-free are those that compensate you for physical injury or physical sickness. (26 U.S.C. § 104(a).

Punitive damages are almost always taxable, which is why attorneys sometimes try to help people to annuitize payments with structured settlements - avoid moving up the higher bracket that comes with a lump sum and for some people enforce a little discipline on their spending.

 

[interrobang]

I'd be surprised if by the time the check is cut, he sees anywhere close to $7 million (or even $4 million)

 

[bjf1991]

It went to taxes instead.

Someone correct me if I am wrong, but I don't believe settlements are taxable.

You're (very) wrong

 

[anon_xdc8rmuek44eq]

This payout should make him employable right? I mean, his whole argument was that Penn State was unfairly mean to him which made potential employers take a pass; now that Penn State has been shown to be wrong, he can go get any job he wants, right? Oh - he's not employable for *another* reason? Nevermind then.

 

[bjf1991]

I'd be surprised if by the time the check is cut, he sees anywhere close to $7 million (or even $4 million)

You never KNOW until you know.......but I would be quite surprised if the gross payout from PSU - when all is said and done - doesn't top $10,000,000



In a broader sense:

The CDWs and GTASCAs circle-jerkers can whack their tallys all day and night, about "habeus corpus ipso facto".....but, in the end, it comes down to PEOPLE (the people in this case being the Judge and Jury)

The verdicts to date (and, almost certainly, the verdict yet to come) illustrate that the people came to two conclusions:

MM was "wronged" (ie compensatory damages)
and that
PSU is "wrong" (ie punitive damages)

Who here thinks that PSU Leadership is NOT "wrong"? Bueller....Bueller.....anyone?
Try finding ANYONE in Centre County (aside from the PSU "leaders" themselves, who suck off the first level teats of Old Main), or anyone who has closely followed the events of the past several years, who doesn't feel PSU leadership is completely FUBAR.

 

[mn78psu83]

You never KNOW until you know.......but I would be quite surprised if the gross payout from PSU - when all is said and done - doesn't top $10,000,000

Doesn't sound far-fetched to me. Then there is the possibility of appeal. Still. It's gonna be a hefty number to start.

 

[psu7113]

I was wondering the other day if Penn State could appeal this. Any answer to this?

Perhaps, but you need a viable issue or issue(s) to appeal (usually legal errors by the judge regarding evidence, damages, etc.). You can't just appeal on the grounds that "the jury got it wrong..."

 

[WDLion]

I'm ducking Tom but I have to be able to take the incoming barrage. Let me guess what dr. perky is - a sports drink?

Night games.

 

[psu7113]

I saw $7.3 million + more to come on the whistle blower thing. That got me thinking. MM might wind up with nearly as much as Joe made during his first 30 years. I know that Joe made $20k when he became head coach in 1966 and he made approximately $500k in 2007.

As I understand it, Joe also made significant money via endorsements (Nike, etc.).

 

[bdgan]

You never KNOW until you know.......but I would be quite surprised if the gross payout from PSU - when all is said and done - doesn't top $10,000,000



In a broader sense:

The CDWs and GTASCAs circle-jerkers can whack their tallys all day and night, about "habeus corpus ipso facto".....but, in the end, it comes down to PEOPLE (the people in this case being the Judge and Jury)

The verdicts to date (and, almost certainly, the verdict yet to come) illustrate that the people came to two conclusions:

MM was "wronged" (ie compensatory damages)
and that
PSU is "wrong" (ie punitive damages)

Who here thinks that PSU Leadership is NOT "wrong"? Bueller....Bueller.....anyone?
Try finding ANYONE in Centre County (aside from the PSU "leaders" themselves, who suck off the first level teats of Old Main), or anyone who has closely followed the events of the past several years, who doesn't feel PSU leadership is completely FUBAR.

I certainly agree that the PSU administration has been nothing short of incompetent through this whole ordeal but I do not agree that Spanier disparaged MM and made him unemployable when he showed support for C&S.

 

[bdgan]

As I understand it, Joe also made significant money via endorsements (Nike, etc.).

Sure he did. I also assume that his pension has survivor benefits for Sue. But that's not the point. The point is that MM only worked a couple of years and he certainly didn't have a national reputation. O'Brien and Rhule were not interested in his services because they didn't think he was qualified. Yet for a couple of year's work he will have earned as much as Joe earned for all but the later portion of his career. Seems ridiculous to me.

 

[bjf1991]

Perhaps, but you need a viable issue or issue(s) to appeal (usually legal errors by the judge regarding evidence, damages, etc.). You can't just appeal on the grounds that "the jury got it wrong..."

I doubt there will be an appeal

If there was - the simplest and most obvious move for PSU would be based on the Judge's ruling (earlier this year) that he would no longer delay the trial and wait for the CSS case to conclude

In doing so, he effectively eliminated the ability of PSU to compel TC and GS to take the stand to refute/oppose the claims of the plaintiff
While we all can understand the desire to move a Fing case forward after 4-5 years.......the impediment to the defense is blatantly obvious (and significant)

If there is an appeal.....PSU would be beyond idiotic to not bring up this issue - - - so I guess that is 50/50

Bottom line though - I am not expecting an appeal.........but you never know for sure - especially in the bizarro-world we have lived in the last five years

 

[bjf1991]

Sure he did. I also assume that his pension has survivor benefits for Sue. But that's not the point. The point is that MM only worked a couple of years and he certainly didn't have a national reputation. O'Brien and Rhule were not interested in his services because they didn't think he was qualified. Yet for a couple of year's work he will have earned as much as Joe earned for all but the later portion of his career. Seems ridiculous to me.

If any of what you said were in ANY way relevant........then maybe there would be some - - - uh, what's that word? - - - oh, yeah - "relevance"

 

[bdgan]

If any of what you said were in ANY way relevant........then maybe there would be some - - - uh, what's that word? - - - oh, yeah - "relevance"

The relevance IMO is that an award of that size is unjust. I think this is an example of a very big problem in our society.

 

[Art]

As I understand it, Joe also made significant money via endorsements (Nike, etc.).

Not after 1993.

 

[canuckhal]

You never KNOW until you know.......but I would be quite surprised if the gross payout from PSU - when all is said and done - doesn't top $10,000,000.

I will never understand why PSU decided to fight MM, esp. after paying out any "victim" who came forward. They either keep getting bad legal advice or are tone deaf. I wouldn't be surprised if it is both.

 

[canuckhal]

I doubt there will be an appeal

If there was - the simplest and most obvious move for PSU would be based on the Judge's ruling (earlier this year) that he would no longer delay the trial and wait for the CSS case to conclude

In doing so, he effectively eliminated the ability of PSU to compel TC and GS to take the stand to refute/oppose the claims of the plaintiff
While we all can understand the desire to move a Fing case forward after 4-5 years.......the impediment to the defense is blatantly obvious (and significant)

If there is an appeal.....PSU would be beyond idiotic to not bring up this issue - - - so I guess that is 50/50

Bottom line though - I am not expecting an appeal.........but you never know for sure - especially in the bizarro-world we have lived in the last five years

Maybe the OAG's plan was to help MM by keeping CS from testifying in the lawsuit and increasing his chances of winning. Pay for play.

 

[bjf1991]

I will never understand why PSU decided to fight MM, esp. after paying out any "victim" who came forward. They either keep getting bad legal advice or are tone deaf. I wouldn't be surprised if it is both.

The two strategies were completely incongruent - of that there is no doubt

Of course - if one assumes that "paying off the Sandusky kids" bought a Get Out of Jail Free Card for Ira "34-0" Lubert and his buddies - at least a few of whom may very well also be Ira's BOT Comrades (gee....Ya' think? Maybe? ).......then it starts to make a little more sense

Wonder how quickly PSU would have handed MM a blank check and said "Fill in any amount you want", if the Plaintiffs had called on Lubert to take the stand? (NOT doing that will go down as one of the greatest tragedies of this entire affair)

I'm thinking the "over/under" would have been at about 2 minutes

 

[canuckhal]

The two strategies were completely incongruent - of that there is no doubt

Of course - if one assumes that "paying off the Sandusky kids" bought a Get Out of Jail Free Card for Ira "34-0" Lubert and his buddies - at least a few of whom may very well also be Ira's BOT Comrades (gee....Ya' think? Maybe? ).......then it starts to make a little more sense

Wonder how quickly PSU would have handed MM a blank check and said "Fill in any amount you want", if the Plaintiffs had called on Lubert to take the stand? (NOT doing that will go down as one of the greatest tragedies of this entire affair)

I'm thinking the "over/under" would have been at about 2 minutes

One fact is that MM did better by not settling and PSU did worse.

 

[Fox Chapel Lion II]

Punitive damages are almost always taxable, which is why attorneys sometimes try to help people to annuitize payments with structured settlements

I strongly agree with a structured settlement. Say a dollar a year for 7.3 million years.

 

[91Joe95]

You're (very) wrong

Sigh, I just can't escape the law of averages.

 

[91Joe95]

I doubt there will be an appeal

If there was - the simplest and most obvious move for PSU would be based on the Judge's ruling (earlier this year) that he would no longer delay the trial and wait for the CSS case to conclude

In doing so, he effectively eliminated the ability of PSU to compel TC and GS to take the stand to refute/oppose the claims of the plaintiff
While we all can understand the desire to move a Fing case forward after 4-5 years.......the impediment to the defense is blatantly obvious (and significant)

If there is an appeal.....PSU would be beyond idiotic to not bring up this issue - - - so I guess that is 50/50

Bottom line though - I am not expecting an appeal.........but you never know for sure - especially in the bizarro-world we have lived in the last five years

PSU has no way to compel those guys to testify, especially on PSU's behalf. Not only has PSU burned a few bridges there, but there's a little issue called the Freeh report which would refute whatever they said and has legally been PSU's official position.

 

[psu7113]

Sure he did. I also assume that his pension has survivor benefits for Sue. But that's not the point. The point is that MM only worked a couple of years and he certainly didn't have a national reputation. O'Brien and Rhule were not interested in his services because they didn't think he was qualified. Yet for a couple of year's work he will have earned as much as Joe earned for all but the later portion of his career. Seems ridiculous to me.

I understand the sentiment behind your post, however, you are wrong in the sense that the jury did not award the full $7.3 million as lost wages and earning capacity. $5 million of the verdict alone was punitive damages.

 

[mn78psu83]

I understand the sentiment behind your post, however, you are wrong in the sense that the jury did not award the full $7.3 million as lost wages and earning capacity. $5 million of the verdict alone was punitive damages.

Out of which $5 million both his attorneys and the IRS will get their fair share.

 

[towny87.1]

Maybe the OAG's plan was to help MM by keeping CS from testifying in the lawsuit and increasing his chances of winning. Pay for play.

I have no idea why or how people can make stuff up like that

Tim and Gary were going to be called to the stand by the plantiff - Spanier was called by the plaintiff and he has the exact same charges pending against him and he was still willing to testify.

 

[bjf1991]

1 - TC and GS did not testify

2 - TC and GS were/are in a VERY different situation wrt the MM V PSU suit than is GrSp

3 - TC and GS could not be compelled to testify - by either party - due to the ability to "take the fifth" presented by the (still) ongoing CSS case

4 - TS and GS NOT testifying was exceedingly harmful to any attempts to uncover the "truth" (whatever the hell that is - but it sure gets a lot of lip service)

Those are all SIMPLE, basic, logical facts

And that ain't even - not even close to - the biggest FUBAR of "Truth, Justice and the American Way"

Not.....Even.....Close

Because:

While the inability to compel TC and GS to take the stand was harmful - - - and NO reasonable person would disagree with that:

The fact that:
NO ONE from among the BOT Power Bloc who were driving the bus since Nov 2011, nor the 2nd Mile Administration or Board, have ever been "placed on the stand in open court" - in ANY of the court cases to date, nor will they likely EVER be - and that is 1,000 times more detrimental - - - assuming that one desires to uncover as much as possibly about the full truth regarding this entire fiasco


The number of individuals or entities that are truly concerned with finding the "truth" in this entire fiasco - the "truth", above all else, without confliction or qualification - is a hell of a lot smaller than most folks would want to believe........I am not sure if you would need more than a hand's worth of fingers to count them all

________
________


Seeing Joe posted below - I'll address BRIEFLY here:

While we both were/are interested in the resolution of Mike's situation.....
For you that is (understandably) the "be all and end all"

For me........that's just the tip of the iceberg - if that


As to your direct question:
I've posted in detail previously - and you can go pull that stuff up if your interested in the specifics, and I'm certainly not going to entertain any circle-jerk about it - but in summary:

Lubert (and the entire HeeHaw Gang that was involved in the Sandusky Settlement Committee) was directly attachable vav the entire "Misrepresentation" issue
[I also walked through the situation vav the Raykovitz/Heim crowd and the Beemer/Fina/Corbett Cabal......and those are certainly also critical venues]

As I mentioned in the previous posts on the subject - no one was obligated to call them - - - not in this case, not in "Paterno EtAl", not in any of the other civil trials - or even to explore those venues and open those doors.........but it is quite - I'm looking for the right word, and I'll just settle on "disgusting" - it is quite "disgusting" that after 5 years (and counting) NONE of these c$cks$ckers has EVER had to face the music .........and in all likelihood they never will

Watching these c$cks$ckers continue to skate......hell, much worse than that.......continue to skate AND profit........is more than enough to make me violent and ill
[NOTE: I did NOT say "violently ill" - - - I said VIOLENT and ILL]

And all the Scoundrels - including Raykovitz, Heim, Lubert, Dambly, and all the PSU Leadership Scumbags..... from the "Victim Advocates" to the "Stewards of the Judiciary" to the self serving "Politicos" - and every other half-cocked a-hole spewing the "I'm interested in truth and transparency" line .......

F THEM

Hope they die a painful, slow death.

And that's no hyperbole

 

[towny87.1]

The two strategies were completely incongruent - of that there is no doubt

Of course - if one assumes that "paying off the Sandusky kids" bought a Get Out of Jail Free Card for Ira "34-0" Lubert and his buddies - at least a few of whom may very well also be Ira's BOT Comrades (gee....Ya' think? Maybe? ).......then it starts to make a little more sense

Wonder how quickly PSU would have handed MM a blank check and said "Fill in any amount you want", if the Plaintiffs had called on Lubert to take the stand? (NOT doing that will go down as one of the greatest tragedies of this entire affair)

I'm thinking the "over/under" would have been at about 2 minutes

while I was disappointed elliot didn't go in certain directions further (harmon, courtney and shelow for example) I am not sure how Ira would have been relevant to winning the suit against PSU. Was Ira around in 01 telling gary to only pretend to investigate, in 2011 was Ira involved in the decision making to put MM on leave, (I believe Erickson testified it was his decision) and to screw up every part of their HR duties (that was baldwin, sherburne and joyner) I am not sure what Ira would have to do with the defamation count specifically.

 

[canuckhal]

I have no idea why or how people can make stuff up like that

Tim and Gary were going to be called to the stand by the plantiff - Spanier was called by the plaintiff and he has the exact same charges pending against him and he was still willing to testify.

It was sarcasm or was it?

 

[bjf1991]

while I was disappointed elliot didn't go in certain directions further (harmon, courtney and shelow for example) I am not sure how Ira would have been relevant to winning the suit against PSU. Was Ira around in 01 telling gary to only pretend to investigate, in 2011 was Ira involved in the decision making to put MM on leave, (I believe Erickson testified it was his decision) and to screw up every part of their HR duties (that was baldwin, sherburne and joyner) I am not sure what Ira would have to do with the defamation count specifically.

See the earlier post for a response to your "question"

 

[Royal_Coaster]

I will never understand why PSU decided to fight MM, esp. after paying out any "victim" who came forward. They either keep getting bad legal advice or are tone deaf. I wouldn't be surprised if it is both.

Look at it this way. PSU goes into any situation asking one question-- how do we continue to justify firing Joe Paterno and keep running his name through the mud?

1. When "victims" make claims, no matter how ludicrous, we pay them no questions asked. Then we'll sue our insurance company, knowing there's a snowball's chance in hell of winning, but there will be publicity involved, which will show that Joe "knew" about Sandusky decades ago. Therefore, we were justified in firing him.

2. Mike McQueary sues the university for ruining his coaching career. If they simply settle and pay him off, do they get to justify firing Paterno and publicly drag his name through the mud again?

There's your answer. Keep that one question in mind, and you'll know exactly how the University will respond every time.