On Friday, Pennsylvania State Sen. Jake Corman announced a lawsuit against the NCAA had been settled, restoring 112 Penn State football wins, 111 of them under longtime head coach Joe Paterno, effective immediately.
– Penn State agrees to commit a total of $60 million to activities and programs for the prevention of child sexual abuse and the treatment of victims of child sexual abuse.
-Penn State acknowledges the NCAA’s legitimate and good faith interest and concern regarding the Jerry Sandusky matter.
-Penn State and the NCAA will enter into a new Athletics Integrity Agreement that (with concurrence of the Big Ten) includes best practices with which the university is committed to comply and that provides for the university to continue to retain the services of Sen. George Mitchell and his firm to support the university’s activities under the Athletics Integrity Agreement and in the areas of compliance, ethics and integrity.
Corman and State Treasurer Rob McCord alleged that the NCAA violated its own bylaws by stripping Penn State of its 112 wins and imposing a $60 million fine in the wake of the Jerry Sandusky sex abuse revelations.
Now, under this settlement, Penn State’s 112 wins under Joe Paterno will be restored, making him once again the winningest college football coach in history. Paterno passed away in 2012.