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Penn State to pay $59.7M to settle Sandusky cases

By By CNN Staff
Published On: Dec 24 2013 12:29:01 PM CST
Updated On: Oct 28 2013 01:11:46 PM CDT
New Jerry Sandusky booking photo

Centre County Correctional Facility

Penn State University reached settlements over the past few months with what it calls 26 victims of former assistant football coach Jerry Sandusky -- settlements that will cost the university a total of $59.7 million, the school announced Monday.

Of the 26 settlements, 23 are signed and three are agreed in principle, with final documentation expected within the next few weeks, the school said. The school also indicated a few other settlements still could come.

Sandusky was convicted in June 2012 of 45 counts relating to the sexual abuse of young boys. He's serving a 30- to 60-year prison sentence.

The school said the 26 people receiving settlements are among 32 who "were or allege that they were victims of Sandusky." The school "rejected certain of the six remaining claims as being without merit and has engaged others in possible settlement discussions."

"We hope this is another step forward in the healing process for those hurt by Mr. Sandusky, and another step forward for Penn State," university President Rodney Erickson said in a statement. "We cannot undo what has been done, but we can and must do everything possible to learn from this and ensure it never happens again at Penn State."