NCAA

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.

Future NBA prospect Omer Yurtseven transfers to Georgetown from NC State

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USA TODAY Sports

Future NBA prospect Omer Yurtseven transfers to Georgetown from NC State

The pieces are starting to come together for Patrick Ewing.

On Monday the Georgetown Hoyas picked up perhaps the biggest (literally and figuratively) target of the transfer market, Omer Yurtseven.

From North Carolina State, the transfer from Istanbul Turkey will have two years remaining of eligibility. Due to NCAA transfer rules, he is not allowed to play for the 2018-19 season.

MORE NCAA: TOP BUZZER BEATERS IN NCAA TOURNAMENT HISTORY

Standing at 7-0, the center helped power the Wolfpack to an NCAA tournament bid this past season. Averaging 13.5 points, 6.7 rebounds, and 1.8 blocks a contest, Yurstseven earned All-ACC Third Team honors in the 2017-18 season. He also touted a 58.3 shooting percentage and was not afraid to pull it up from deep either (22 made three-pointers).

NC State lost in the first round of the NCAA Tournament to No. 8 Seton Hall, but he was limited due to foul trouble with only two points and two rebounds in 14 minutes of play.

Initially, he is the option to fill the void that Jessie Govan will leave, whether that is during this offseason or next. Already the team has lost power forward Marcus Derrickson

Yurtseven will just be another frontcourt talent for Ewing with the Hoyas.

It was widely reported that he was considering playing options, both in the United States and abroad before this announcement. Easily he has the talent to go in first round of the NBA Draft whichever year he declares.

On the same day, the Hoyas also announced the signing of four-star guard James Akinjo.

After historic season, Virginia's Tony Bennett named AP Coach of the Year

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USA TODAY Sports

After historic season, Virginia's Tony Bennett named AP Coach of the Year

SAN ANTONIO -- Virginia coach Tony Bennett isn't going to waver from his foundation, whether it's the philosophy that built the Cavaliers into a contender or the big-picture perspective that helps him handle the sting of a historically improbable loss.

Both ends of that approach are fully on display now as he is named The Associated Press men's college basketball coach of the year.

Bennett won the honor Thursday after his Cavaliers set a program single-season record for wins, dominated the Atlantic Coast Conference and reached No. 1 in the AP Top 25 for the first time since the Ralph Sampson era. Yet that wildly successful season ended abruptly in the most unexpected way: with the Cavaliers falling to UMBC to become the first No. 1 seed to lose to a 16-seed in NCAA Tournament history.

"They experienced things a lot of guys don't," Bennett said in an interview with the AP. "That kind of success? Oh my gosh. And then that kind of loss? ... But again, their body of work deserves to be celebrated.

"And then so much of what society looks at -- it begs the question -- is it just about how you do in March? Or is it about the whole thing? It's a fair debate (on) what matters. But I told them: I wouldn't trade this team for anything. Even the experiences, as hard as they are, this is part of the process."

Bennett was the runaway winner for the award, which is being presented at the Final Four. He earned 50 of 65 votes from AP Top 25 writers with ballots submitted before the start of the NCAA Tournament.

Tennessee's Rick Barnes was second with five votes after leading the Volunteers to 26 wins and an NCAA bid despite being picked to finish 13th in the 14-team Southeastern Conference. First-year Ohio State coach Chris Holtmann was third with four votes.

This marks the second time Bennett has won the award, the other coming in 2007 when he was at Washington State.

In Bennett's ninth season, the Cavaliers (31-3) went from being picked to finish sixth in the ACC to winning the regular-season race by four games -- the first to win the ACC by that wide a margin since 2000. It then won the ACC Tournament to complete a 20-1 run against league opponents.

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Virginia also reached No. 1 in the AP Top 25 for the first time since December 1982 and stayed there the final five weeks of the regular season, the last two unanimously.

And yet, the 48-year-old coach knows much of the focus will be on how things ended: that 74-54 loss to the Retrievers while playing without ACC sixth man of the year De'Andre Hunter.

Dealing with a roster of players in pained disbelief, Bennett said he has told them that they have "an unbelievable captive audience" waiting to see how they would handle it.

"I said how you respond to this will matter to your mom and dads, to your brothers, your sisters, your friends," Bennett said. "If they see that you're not fake about it, that yeah, of course you're going to be discouraged and down after a loss like that, but that you're OK. You can live with it.

"I said: you don't know the power that that's going to have in their life and in your life."

Bennett said he appreciated other coaches offering support, which included Syracuse Hall of Famer Jim Boeheim noting: "If I could hire a coach in this country and I could get Tony Bennett, there would be nobody in second place."

He said he's still reviewing what worked and what didn't, but "certainly you don't overreact" by changing everything that had brought the Cavaliers to this point.

This is, after all, a program that has been a 1-seed three times in the past five seasons with three ACC regular-season titles.

And Bennett won't be deterred from chasing more, even if it means stumbling a few more times on the way to reaching his goals.

"You better have something beyond the opinion of man or just how you feel, because this stuff is fleeting," Bennett said.

"So that's where obviously my faith is everything to me. You hear people talk about their faith in the lord and the relationship with the people that they care about, their family and their trusted friends. Those things stand the test of time. And that's what you have to draw from. And then you move on."