NCAA hits Penn State with $60M fine, vacates Paterno wins since '98

FILE - In this Nov. 7, 2009, file photo, Penn State Coach Joe Paterno stands with his players before taking the field for an NCAA college football game against Ohio State in State College, Pa. Paterno and other senior Penn State officials "concealed critical facts" about Jerry Sandusky's child abuse because they were worried about bad publicity, according to an internal investigation into the scandal released Thursday, July 12, 2012. (AP Photo/Carolyn Kaster, File)
FILE - In this Nov. 7, 2009, file photo, Penn State Coach Joe Paterno stands with his players before taking the field for an NCAA college football game against Ohio State in State College, Pa. Paterno and other senior Penn State officials "concealed critical facts" about Jerry Sandusky's child abuse because they were worried about bad publicity, according to an internal investigation into the scandal released Thursday, July 12, 2012. (AP Photo/Carolyn Kaster, File)

— 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.

Meanwhile, the Big Ten announced that Penn State would not be allowed to share in the conference’s bowl revenue during the NCAA’s postseason ban, an estimated loss of about $13 million. And the NCAA reserved the right to add additional penalties.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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