INDIANAPOLIS (AP) -- The NCAA has slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal.
Other sanctions include a four-year ban on bowl games, and the loss of 20 scholarships per year over four years.
NCAA President Mark Emmert announced the staggering sanctions Monday at a news conference in Indianapolis. Though the NCAA stopped short of imposing the "death penalty" -- shutting down the Nittany Lions' program completely -- the punishment is still crippling for a team that is trying to start over with a new coach and a new outlook.
Sandusky, a former Penn State defensive coordinator, was found guilty in June of sexually abusing young boys, sometimes on campus.
The Big Ten says Penn State will not be allowed to share in the conference's bowl revenues while it is banned from the postseason by the NCAA. The Big Ten announced its own sanctions against Penn State about two hours after the NCAA handed down crippling penalties against the Nittany Lions football program.
Paterno's family responded Monday be calling NCAA sanctions a "panicked response" that punish Penn State students.