Published On: Jul 23 2012 10:58:30 AM EDTUpdated On: Sep 24 2013 01:55:32 PM EDT
The NCAA has imposed severe sanctions on Penn State in light of the child abuse scandal and alleged cover-up that has rocked the university and its football program. The sanctions include:
A $60 million fine. According to the NCAA, that amount is “equivalent to the average gross annual revenue of the football program.”
That $60 million fine will be paid in $12 million installments over five years, will be paid into an endowment funding child abuse prevention and support programs outside the university, according to a statement from the school given to CNN.
A four-year ban on postseason games.
The vacation of all wins from 1998 through 2011, meaning 111 wins under Joe Paterno have been struck from the record, according to the AP.
That means Joe Paterno is no longer considered the winningest coach in college football history. Former Florida State coach Bobby Bowden now has the most wins, and former Grambling coach Eddie Robinson has the most Division I wins, according to ESPN.
Current or incoming Penn State football players may transfer to another school and compete on that school’s team immediately.
A five-year probationary period with a monitor.
In September 2013, the NCAA said it is gradually restoring scholarships to the Penn State University football team that were originally lost. The restoration will mean that Penn State's football team will get five more scholarships next year, and 10 more each of the following three seasons. By the start of the 2016 season, Penn State will again have the full amount of scholarships.
The NCAA also says it “reserves the right to impose additional sanctions on involved individuals at the conclusion of any criminal proceedings."