January 3, 2013 – NCAA sanctions on Penn State University (Aa2 / 709235UG8) are chipping away at the Centre County economy, though some State College business leaders say it may be impossible to determine how much the penalties cost them. How much the loss of bowl game appearances and other NCAA penalties pinch profits will be key as Gov. Tom Corbett and state lawyers pursue a federal antitrust lawsuit to overturn them, said Notre Dame Law School professor Joseph P. Bauer. The NCAA said the lawsuit appears meritless. Although Corbett said the sanctions will bring irreparable economic harm to the university and Pennsylvanians, his office did not cite numbers.
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