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  #1  
Old 05-16-2018, 04:54 PM
Tiger80 Tiger80 is offline
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Post Michigan State Agrees to $500 Million Settlement

http://www.espn.com/college-sports/s...sar-settlement

Wow! How do they have that much money?
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  #2  
Old 05-16-2018, 04:58 PM
Colin Clancy Colin Clancy is offline
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Default Re: Michigan State Agrees to $500 Million Settlement

$425 million to the 300 or so victims... That's averaging a little more than a million per victim. Good for those families, they did not deserve to have to go through this. I don't think any price can fix what happened, but hopefully it can help the healing process.
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  #3  
Old 05-16-2018, 07:38 PM
Tiger80 Tiger80 is offline
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Post Re: Michigan State Agrees to $500 Million Settlement

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Originally Posted by Colin Clancy View Post
$425 million to the 300 or so victims... That's averaging a little more than a million per victim. Good for those families, they did not deserve to have to go through this. I don't think any price can fix what happened, but hopefully it can help the healing process.
I agree about the amount. I'm just shocked they have that much money.
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Old 05-16-2018, 09:43 PM
Colin Clancy Colin Clancy is offline
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Default Re: Michigan State Agrees to $500 Million Settlement

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Originally Posted by Tiger80 View Post
I agree about the amount. I'm just shocked they have that much money.
Wouldn't be surprised if Michigan State tuition took a bit of an increase next year...
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  #5  
Old 05-16-2018, 09:50 PM
carlos carlos is online now
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Default Re: Michigan State Agrees to $500 Million Settlement

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Originally Posted by Tiger80 View Post
I agree about the amount. I'm just shocked they have that much money.
Endowments man. They have/had $3B.
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  #6  
Old 05-17-2018, 04:53 AM
t clark t clark is offline
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Default Re: Michigan State Agrees to $500 Million Settlement

Insurance will pick up a big chunk of the tab.
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  #7  
Old 05-17-2018, 05:15 AM
tigerpawgt tigerpawgt is online now
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Default Re: Michigan State Agrees to $500 Million Settlement

The money doesn’t grow on trees. Not sure about endowments, maybe there are constraints against allocating those funds for legal disputes. Insurance? Would they have liability coverage to that kind of amount? No matter what, the money has to be replenished so they’ll find ways to hide it in tuition increases and various fees. Tax payers and future students/families will be paying this settlement not those who get “retired “ or let go from the university. I don’t begrudge the victims, no amount of compensation will change the damage done.
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