Penn State asks parties to settle $60M dispute
HARRISBURG, Pa. (AP) — Penn State is asking the NCAA and state officials to settle litigation over who will control the $60 million it must pay for child-abuse prevention as part of a consent agreement it entered into nearly a year ago.
Penn State attorney Frank Guadagnino wrote to other attorneys Tuesday, saying the school had no desire to get involved in pending state and federal court battles.
His four-page letter, first reported by the online news service Capitolwire, says it intends to hold the first $12 million installment until the NCAA asks for it.
He’s offering to meet with the parties if they think the university can help settle the matters.
The NCAA is pursuing a federal court challenge to a new state law that requires the money stay in Pennsylvania.