Penn State Nittany Lions hit with $60 million fine, 4-year bowl ban, wins dating to 1998 - ESPN
WOW! Is this too much, just right or too light? I would rather see those responsible punished than the entire institution, but it is what it is. At least the money will be going to a worthwhile cause, and it would say a lot if Penn State would spend more money towards the endowment being created.The NCAA has hit Penn State with a $60 million sanction, a four-year football postseason ban and a vacation of all wins dating to 1998, the organization said Monday morning.
The career record of former head football coach Joe Paterno will reflect these vacated records, the statement continued.
Penn State must also reduce 10 initial and 20 total scholarships each year for a four-year period, the release said.