|NCAA says Penn State fine money in special account|
|Written by Admin|
|Thursday, 17 January 2013 11:14|
A spokesman for the organization said Thursday it won't spend the money before a third-party administrator is appointed and until then the money is being held in an independent account it doesn't control.
The NCAA issued the statement a day after a Pennsylvania judge put on hold an injunction request by state Sen. Jake Corman. He's suing the NCAA over the $60 million Penn State agreed to pay as part of the sanctions associated with the Sandusky scandal.
The organization says it hasn't been negotiating with Corman, either about spending the $12 million or the larger lawsuit.