As for Penn State? Well, even with the Sandusky trial over and done with, it will not have closure in the same way that Rangers has had closure. It's just not possible. And perhaps that's entirely deserved.
But Penn State does have an opportunity, I think, to at least symbolically make a break from the past.
The folks that run the university and the folks who run the football program have a chance to show the world that, yes, they do understand the enormity of the tragedy that unfolded there, that they do understand that things can't and won't ever be the same, and that while there were indeed a great many good things about Penn State and Penn State football for a long, long time, there were major flaws as well. Those flaws were terrible flaws indeed, and innocents suffered as a result.
So the break must be made.