Paterno’s And Stadium Naming Deal

April 22, 2012 by staff 

Paterno’s And Stadium Naming Deal, Penn State officials, in an attempt to get the family of Joe Paterno to sign away its right to sue the school, offered to rename Beaver Stadium after the late coach, The Patriot-News has reported, citing a source close to the family. But the family said no.

Paterno had never been keen on the stadium bearing his name, an idea that “has always been a fan-driven matter. It was never important to Joe,” the source told the Harrisburg, Pa., newspaper.

But it would still be “a tremendous and humbling honor,” the source said.

Penn State wasn’t granted the release, according to a family lawyer. But the school said last week it had agreed to provide millions in payments and benefits to the estate and family members under Paterno’s employment contract.

Paterno died in January at 85 after a brief bout with lung cancer, two-and-a-half months after he was fired amid the Jerry Sandusky child sex abuse scandal. Paterno spent six decades at Penn State and 46 seasons as head coach, winning two national championships and becoming the face of the university.

The school turned over four checks on Thursday worth more than $3 million for bonuses that covered the season, bowl game and entire career, a university spokeswoman said.

While the school said in a news release the total value of the package was “over $5.5 million,” added together the various elements are worth about $6.7 million.

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