(The Phanatic Magazine) - The NCAA ravaged Penn State with a $60 million sanction, a four-year football postseason ban as well as the vacating of every win dating back to 1998.
The NCAA revealed the sanctions as NCAA president Mark Emmert and Ed Ray, the chairman of the NCAA's executive committee and Oregon State's president, spoke at a news conference in Indianapolis.
"In the Penn State case, the results were perverse and unconscionable. No price the NCAA can levy will repair the damage inflicted by Jerry Sandusky on his victims," Emmert said, referring to the former Penn State defensive coordinator convicted of 45 counts of child sex abuse last month.
Penn State must reduce 10 initial and 20 total scholarships each year for a four-year period.
NCAA Sanctions Against Penn State
* $60 million fine
* Vacation of wins from 1998-2011 (112 wins)
* Four-year postseason ban
* Four-year scholarship reduction (10 initial; 20 total)
* Players may transfer and play immediately at other schools
* Athletic department on probation for five years
* Joe Paterno's record is now 298-136-3; fifth on FBS all-time win list
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