The NCAA has imposed the following sanctions on PSU for its role (failure to act and subsequent cover-up) in the Sandusky Sex Abuse Scandal…
1) Penn State must pay $60 million into an endowment to be used by an external program(s) that prevent or assist children, who may become or are victims of sexual abuse. These dollars can not used by similar initiatives that are run on campus by Penn State. If PSU decides to act unilaterally to assist these children, the dollars to fund those efforts must come from another source. The 60 million is equivalent to PSU football profit in a single year.
2) Penn State will be banned from post season play for a period of 4 years. In other words, PSU can not participate in a Bowl game from 2012 through 2015. They will be able to return to a bowl in the 2016 season.
3) All wins between 1998 and 2011 are vacated ( not a forfeit… in other words, they do not count as losses for PSU nor does the team that lost the game get to count it as a win …it is still a loss for them … it essentially means the game was never played by PSU)! Joe Paterno is no longer the winningest coach in college football (409 to 298 reduction in his win total…. moving Paterno from 1st to 12th on the all-time winningest NCAA football coaches’ list )….. as 111 of his wins have been vacated. NCAA President, Mark Emmert and Chairman of the NCAA Executive Committee, Ed Ray used 1998 because it was the year that Penn State’s Administration became aware of Sandusky’s criminal behavior.
4) Penn State will be placed on probation for five years and must cooperate with a NCAA appointed Athletic-Integrity Monitor during that time frame.
5) Penn State will lose 10 scholarships over the next four years. Instead of the typical 25 scholarships an institution can offer annually, PSU will be allowed to offer 15. This will reduce PSU scholarship roster from 85 to 65 in a four year time frame. This essentially puts them at the level of an FCS (football Championship Subdivision) program which can offer a total of 63 scholarships. Also, there can be no scholarship reduction in any other sport at Penn State!
6) Further, current PSU football scholarship athletes can transfer and be eligible to play immediately; finally, they can also elect to stay @ PSU and determine that playing is no longer in their best interest and/while keeping their scholarship!
The Big Ten will now act… more to follow on what the conference decides is appropriate.
One footnote: the NCAA has actually vacated 112 wins… one of wins’ from 2011 was not Paterno’s