In a press conference this morning, the National Collegiate Athletic Association announced the sanctions for Penn State for the Jerry Sandusky scandal.
According to Huffington Post, Penn State punishment includes:
- $60 million fine, representing approximately one year of football gross revenues. These funds will go to child sex abuse awareness programs.
- 4-year bowl game ban.
- Scholarship reduction from 25 a year to 15 a year, cap lasting four years.
- Any entering, returning football student athlete can transfer immediately. Presuming academic requirements are met, these potential transfers can play immediately.
- PSU vacates all wins from 1998-2011. The loss of 111 career wins drops Joe Paterno from atop the all-time wins list to 12th.
- PSU begins a five-year probationary period, with the NCAA reserving the right to implement further punishments.
"For the next several years PSU can focus on rebuilding its athletic culture, not worrying about whether it's going to a bowl game," NCAA President Mark Emmert said as he explained the rationale for this set of sanctions.
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