The Jerry Sandusky scandal has cost Penn State more than $48 million since the story broke at the end of 2011.
As much as $10.4 million can be attributed to legal defenses in the case.
Sandusky was the former assistant coach who was convicted on more than a dozen of counts relating to sexual abuse against minors over the course of decades.
The story was a big black eye on the Penn State program, with the football team suffering with a four-year ban from postseason play. But at the same time, the Nittany Lions were able to put a team on the field.
Head coach Bill O’Brien had the most difficult job in college football in 2012, and was able to navigate his team to an 8-4 record, winning eight of the last 10 games on the season. O’Brien was named the college football coach of the year.
Penn State will not be eligible for any Big Ten championship or a postseason bowl, but the team still has a lot to play for, trying to erase the story that is plaguing the university, and pushing towards a more positive direction.
The Nittany Lions open their 2013 college football schedule with a home game against Syracuse. Their first Big Ten conference game will be against Indiana on October 5.