Penn State Receives $60M Fine, Four-Year Bowl Ban, Loss Of Scholarships And Wins Dating Back To 1998
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.
“These funds must be paid into an endowment for external programs preventing child sexual abuse or assisting victims and may not be used to fund such programs at the university,” the NCAA said in statement.
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.
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