Jake Thomas Patterson faces the possibility of life in prison for intentional homicide. He said he wanted to spare Jayme and her relatives from worrying about a trial.
The 13-year-old was held captive for nearly three months. She escaped and helped authorities track down a suspect. A company that employed her parents is giving her the award money.
Jake Thomas Patterson allegedly told police he decided to abduct Jayme after spotting her board a school bus. Authorities say he controlled her with threats of "bad things."
Jayme Closs disappeared the day her parents were found dead. On Thursday, she approached a woman and said she had been taken. The man who allegedly abducted her and killed her parents is now in jail.