Penn State’s alumni-elected trustees are ready to ask the NCAA to overturn the consent decree and wipe all sanctions from the books.
The nine trustees said in a letter Monday that terminating the consent decree should be a condition of any settlement in the lawsuit between the NCAA and state officials over how to spend $60 million in fine money from the sanctions.
“We urge a settlement with the NCAA that not only resolves the NCAA’s issues with the commonwealth, but also resolve the university’s issues with the NCAA,” the trustees wrote in the letter. “Any such settlement agreement must terminate the consent decree and all sanctions, acknowledge the NCAA’s responsibility for its errors and return all funds to the university.”
The full board will hold a public meeting Wednesday via conference call “to consider a potential litigation settlement.”
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A university spokesman said the settlement talks are regarding a lawsuit brought by state Sen. Jake Corman, R-Benner Township, against the NCAA over the Endowment Act, a law that seeks to keep the $60 million in fines in Pennsylvania.
The alumni-elected trustees indicated Monday that they want to steer the discussion at the meeting into a larger talk about the consent decree, the agreement between Penn State and the NCAA that authorized the sanctions.
In a letter to friends and supporters, the trustees wrote that they have prepared a comprehensive summary of conditions for a possible settlement, which they could introduce at the meeting Wednesday.
The nine invited the public to Deans Hall at The Penn Stater Conference Center Hotel, where they will listen in on the conference call.
The letter was signed by trustees Edward “Ted” Brown, Barbara Doran, Bob Jubelirer, Al Lord, Anthony Lubrano, Ryan McCombie, Bill Oldsey, Alice Pope and Adam Taliaferro.