Penn State's latest issue: Its credit rating

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Penn State's latest issue: Its credit rating

From Comcast SportsNet
NEW YORK (AP) -- Moody's Investors Service said Monday it may cut its rating on Penn State's credit as the university deals with the fallout from the Jerry Sandusky child sexual-abuse case and sanctions against the school's football team. The agency has an Aa1' rating on Pennsylvania State University's credit. That is its second-highest possible rating. The firm said a recent report by former FBI Director Louis Freeh and sanctions levied by the NCAA could hurt student enrollment and fundraising for the university, and the school also faces uncertainty in the form of ongoing federal and state investigations. Penn State has about 1 billion in debt, Moody's said. A downgrade could make it more expensive for Penn State to borrow money, which would be another long-term cost in a scandal that has already cost the school immeasurably. The announcement comes a day after the NCAA fined Penn State 60 million, banned the school from playing in postseason bowl games for four years, and stripped the team of dozens of scholarships, among other penalties. The Big Ten conference levied additional sanctions. Earlier this month, Freeh delivered a report on the actions of Penn State leadership and its athletic department surrounding the actions of Sandusky, a former football coach who awaits sentencing after been convicted of 45 charges related to child abuse. Moody's said the report and other investigations "collectively point directly to weaknesses in the university's management and governance practices." The firm said that until before the Freeh report and the NCAA sanctions, it did not see evidence of weakness in enrollment or fundraising.

BOSTON SPORTS TONIGHT PODCAST: Is Rob Gronkowski good to go?

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BOSTON SPORTS TONIGHT PODCAST: Is Rob Gronkowski good to go?

00:43 - Rob Gronkowski says he's ready to go against the Texans. Michael Holley, Tom Giles and Kayce Smith talk about this risks of him playing while injured.

05:47 - Phil A.Perry follows up the Gronk discussion with a deeper breakdown of Gronk’s decision to play this Sunday.

10:02 - David Price appears to be easing back into baseball after pitching Friday night. Evan Drellich joins BST to talk about Price’s outing in Cincinnati. 

16:12 - The BST crew recaps the Red Sox win over Reds. Drellich returns to analyze how the pitchers performed and how that will impact the Red Sox postseason stretch.  

Danny Amendola embraces delayed follow-up to strong Week 1 performance

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Danny Amendola embraces delayed follow-up to strong Week 1 performance

This actually won’t be the first time that Danny Amendola had to wait to follow up a strong season-opener with the Pats. 

As the veteran receiver aims to return Sunday from a concussion and knee injury after leaving the Pats’ Week 1 loss early and missing Week 2 altogether, he’ll try to build a Week 1 performance that saw him lead the Pats with 100 yards on six receptions. 

The stop and start is somewhat reminiscent of Amendola’s first year with New England in 2013, when he had 10 receptions for 104 yards in the season-opener. He suffered a groin injury in that game, however, and didn’t play again until Week 5. At least the wait is shorter this time around. 

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“I mean, there’s going to be bumps and bruises along the way, but that’s football, right?” Amendola said Friday. “But I feel really good today, feel strong, so get ready tomorrow and just continue to prepare.”

In that first game back in 2013, Amendola again led the Pats in receiving yards, but it was in a terrible offensive showing for New England. All it took was four receptions for 55 yards to be the Patriots’ best receiver in a 13-6 loss to Cincinnati in which Tom Brady had a rare scoreless game. 

If Amendola can pick up where he left off in Week 1, the Pats will be in good shape. They’re also expected to have Rob Gronkowski and Chris Hogan ready to go, but Amendola was Tom Brady’s most reliable weapon in the Chiefs game, even though Brandin Cooks made a bigger impact with two pass interference penalties drawn in the red zone. 

Not known for his durability towards the end of his time in St. Louis, this will be the fourth of Amendola’s five regular seasons in New England in which he didn’t play in all 16 games. He played the full season in 2014, 14 games in 2015 and 12 games in 2013 and 2016. 

With Julian Edelman out, Brady could certainly use Amendola’s services as often as possible. That’s especially if he plays the way he did in Week 1. 

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