Nah. That happened, but I see that line as Paterno just being funny to a kid calling him out of the blue. I don't think he actually leveraged the news for a job.
It's quite conspicuous no matter how you look at it though.
He also becomes the key witness... but only after the Feds are on top of it. In the intervening ~10 years or so, he didn't have a care in the world for what was continuing to go on.
Meanwhile Paterno patched things up and kept it all in-house and off the record.
It's real hard for me to look at that collection of events and not see an obvious cover up.
Everyone likes to focus on what they didn't do... but for me the actions they did take appear quite deliberate.
I'd say similar about the Winston situation. We'll never know what happened, because while police obtained warrants and phone records for her and her friends... they never got Winston's or Casher's phone records ... and of course now we know Casher had a video of the sex act itself. They didn't get the footage from the bar (which has a lot of security cameras to protect themselves from liability after a string of incidents). They didn't try to find the taxi driver. They didn't process Winston's DNA.
They investigated the victim rather than the crime. They leaked the full police report to FSU Athletic Department and his lawyer. Those are all very deliberate decisions.
McQuery chose to raise the issue with Paterno after being told he didn't have future employment at Penn State.
Paterno offers him a job.
Paterno talks to the AD and school (IIRC it was the legal rep for the school)
Despite knowing Sandusky had a previous incident investigated, all of those actors chose to not contact police or any other outside agency.
McQuery suddenly develops a conscience when the FBI gets involved many years later and becomes a key witness.