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Penn State

Shelling Out $59.7 Million

to Jerry Sandusky Victims

10/28/2013 10:29 AM PDT BY TMZ STAFF
breaking news

1028_sandusky_penn_state_gettyPenn State University has agreed to to pay $59.7 million to 26 men who were sexually abused by former PSU assistant football coach Jerry Sandusky.

According to school officials, 23 of the victims have signed settlement deals ... and the other 3 men have agreed in principle.

PSU officials insist the settlement cash will not be funded by student tuition, taxpayer funds or donations. Instead, the school says the majority of the money will be paid out from insurance policies.

The President of the University released a statement saying, "We hope this is another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State."

"We cannot undo what has been done, but we can and must do everything possible to learn from this and ensure it never happens again at Penn State.”

Sandusky was found guilty of 45 counts of sexual abuse over a 15 year period. He's currently locked up in prison, where he will surely die.

For his part, Sandusky insists he's innocent. No one believes him.

For more sports stories, check out tmzsports.com!
4 COMMENTS

No Avatar

1.

candylandVA    

So Sad and so sick. I hope these victims do the right hing with their money and can put this mess behind them. Some of the money should be used to set up a fund for kids educating them on sex abuse and how to deal

329 days ago
2.

Vote2012    

This guy needs to rot in jail....he is evil. I always thought the full real story as to what really happened at Penn State and how it was covered up for many years has never really come out. You know that coaching staff and many others knew what was going on all those years. Have you noticed how they all ran and left after Sandusky was arrested, they all quickly moved on to other jobs. I just think the real story has not been told in the media about Penn State.

328 days ago
3.

streetwalker    

He wants us to believe that he was falsely accused 26 times? Bullcrap!

328 days ago
4.

Chris    

Inaction has consequences. "And those consequences, well, they're coming." -- Walter White

328 days ago

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