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Joe Paterno Nike Changing Name of Child Care Center

7/12/2012 9:55 AM PDT

Nike Dropping Joe Paterno's Name from Child Center

Breaking News
Nike is cutting one of its last remaining ties to Joe Paterno -- removing his name from the child care building on the corporation's campus.

The move comes just hours after independent investigators revealed the late Penn State coach helped cover-up facts about the Jerry Sandusky child molestation scandal.

Nike President Mark Parker said in a statement, "With the findings released today, I have decided to change the name of our child care center at our World Headquarters."

Nike co-founder Phil Knight added, "It appears Joe made missteps that led to heartbreaking consequences." Knight had previously defended Paterno's handling of the scandal.

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