Penn State Stadium Will Not Be Named After Joe Paterno

The family of Joe Paterno rejected the Pennsylvania State University's offer to re-name the school's stadium after the late-head coach. The family asserted that it never was Joe Paterno's dream to have his name on the stadium. The family rejected the offer and retained the right to sue the school. While the school made no formal offer to the family, these talks arose at the same time that the school agreed to compensate Joe Paterno for his time under his employment contract. The total value of the package that the university agreed to pay Patern's family was over $5 million dollars. Even though the university agreed to pay his family, the family still refused to sign a release.

See Associated Press, Report: Paternos Turned Away Offer, ESPN.com College Football, Apr. 23, 2012.

Special thanks to David S. Luber(Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.