Penn needs to go public with the results and reforms of its admissions investigation

It has been 15 months since news broke about former men’s basketball head coach Jerome Allen receiving bribes from Florida businessman Philip Esformes to place Esformes’s son, Morris Esformes, onto the recruited athlete list for the entering Fall 2015 class.  The information, which was revealed as federal authorities were investigating the elder Esformes for healthcare fraud, led to bribery charges against Allen.  Since that time, Allen and Philip Esformes were found guilty and sentenced for their crimes, while the younger Esformes graduated from Penn’s Wharton School.

In March, Yale was caught up in the national Operation Varsity Blues admission scandal, when its former women’s soccer head coach Rudy Meredith was alleged to have taken bribes to place students on his recruited athlete list.  Meredith plead guilty to his actions and is awaiting sentencing.  Of the two recruited students, one was admitted for the fall of 2018 and had her acceptance rescinded.

Looking at the responses to these scandals by the two Ivy League institutions, one has been open and one has been far from forthcoming.

Read morePenn needs to go public with the results and reforms of its admissions investigation

Lenses on Penn basketball’s expenses

There has been much talk in the past several years, particularly this season, about how much or little support Penn Athletics has received from the university.

It must be noted that the problem for Penn Athletics isn’t the inability to spend. According to data from the Office of Postsecondary Education, Penn’s annual expenses since 2004 – the start of Amy Gutmann’s presidency at Penn – average out to 30,644,364, the highest average in expenses in the Ivy League in that span:

Average Annual Athletics Expenses Since 2004

  1. Penn 30,644,364
  2. Yale 27,483,608
  3. Princeton 19,230,050
  4. Harvard 18,707,094
  5. Columbia 18,703,370
  6. Dartmouth 18,673,655
  7. Cornell 18,589,023
  8. Brown 15,175,837

Read moreLenses on Penn basketball’s expenses

It's all about the Benjamins for Penn Basketball

 

Ben Franklin AQ 2One of the most august positions in world economics is held by Penn’s founder, Benjamin Franklin.  This is because besides being the consummate Penn Man —philosopher, humorist, inventor, publisher, Ambassador to France, politician, author, scientist and, of course, whoremaster — Big Ben’s portrait graces the front of the $100 bill.  As the Ivy basketball season winds down with Pennsylvania”s once equally august hoops program firmly in the cellar, Penn President Amy Gutmann should reach into her $9.6 billion endowment, pull out a hundy, and take note.

Read moreIt's all about the Benjamins for Penn Basketball