Saw this article linked from Sports Illustrated:
Board of Trustees member, Anthony Lubrano, says it's no surprise the athletics department is taking a big hit because of the NCAA sanctions against the school. It's no secret Penn State Athletics is struggling. "It should come as no surprise," Lubrano said. "That's why we've sued the NCAA, frankly." Lubrano blames the NCAA. "If you go to a football game, you notice a decline in attendance, that translates into lost revenues, which translates into a loss for Intercollegiate Athletics," he said.
Yeah...it couldn't possibly be years of lackluster performances on the field, and escalating ticket prices, and oh that whole thing about you sheltering a child rapist. No, it's The Man holding you down.