NLC Annual Report

This document can be viewed at the NLC Website.

Basically, the Total Revenues for Penn State Athletics in 2008-9 were $95,978,243.  The Total Expenses for that same fiscal year were $87,862,549. 

Therefore, the school that feels the need to STEP up to higher seating fees, already has a surplus of $8.1 million dollars!  Isn't that special?!?

My editorial comment ran in the Altoona Mirror last Sunday.

A Facebook response came:

Hey Teri please tell Todd GREAT COLUMN!!!!! [We] went to St College for the festival I did not buy ONE THING that said Penn State!!! Greed Greed shame on them. SAD SAD years at GREEDY VALLEY not Happy anymore.

On the Mirror Website, one commenter (The WizardofOz) notes:

You hit the nail right on the head in your first paragraph...GREED...that has been there for years...just now you are personally facing it with the new STEP guidelines. Second...if they are going to raise prices, they have to do it while Joe is still around...and he's at the tail end of his tenure. Without Joe...they can't do this. Once hes gone...this would never fly. Typical Penn State....kill the Golden Goose. For those prices, Nit fans could go down to Pitt and sit in the Chancellors lap...maybe not a bad idea.

Sit on the Chancellors lap?  Now there's a disturbing thought.