Maybe this is clearer. Paterno as a human being is very flawed and should be ridiculed for his inaction. Paterno as a football coach is still one of the best there have been. While we shouldn't honor him we shouldn't try and erase what he did. It still happened. Penn State should also get a lot of ridicule for systematically allowing this to happen and doing nothing.
Just take a second to consider the absolute lunacy of this post. This is a University acting on their own free will. There is no obligation they are under to have a ceremony to commemorate whatever accomplishment this is (the story is so ridiculous in general I haven't even bothered with the specifics). You act like they are under some compulsion to recognize him.
And now I'm curious how you see this going:
"Ladies and Gentlemen, if you would please turn your attention to the middle of the field for a special presentation. Today, we honor the life, well no, not really, the legacy, well, better not, and the career-- yah, the career, that's it-- of Joe Paterno. We take this opportunity to do what Boards of Regents before us have done for many years, in ignoring the obvious character flaws that led to the continued molestation of young boys, as we look at Coach Paterno's many, many records. Let us stand and join in unison while we spend exactly 5 seconds booing Coach Paterno the person, followed by exactly 10 seconds of applause for his coaching feats."