It also doesn't factor in the loss of revenue this will cause. BTW $60Mill is one years profit against $100Mil in revenue.
Ive already said this many times. There is a huge ripple effect here.
BTW Penn State had 70 million in revenue last calender year and 50 million in Profit. This is the entire athletic dept's PROFIT. The fine is 10 million more than the AD profited last year. So no, will have no impact on their football program at all. (sarcasm intended)
Penn State Univ. (Football) $70,208,584 $19,780,939 $50,427,645