NCAA Fines Penn State $60 Million, Removes 111 Wins Over Sandusky Scandal

NCAA Fines Penn State $60 Million, Removes 111 Wins Over Sandusky Scandal

NCAA Fines Penn State $60 Million, Removes 111 Wins Over Sandusky Scandal

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July 23 2012 1:53 PM

NCAA Fines Penn State $60 Million, Removes 111 Wins Over Sandusky Scandal

Fallout from the Penn State child sex abuse scandal continues, and this week the NCAA has issued severe penalties on the school.

Along with $60 million in fines, according to an NCAA press release, the school will lose its 111 wins from 1998 to 2011 under late head coach Joe Paterno. Additionally it will be banned from bowl games for four years and lose 20 scholarships annually for four years as well. 

The Nittany Lions avoided the "death penalty," or a full shut down of the football program, which would have been a nearly $59 million loss in revenue for the school and would have had a severe impact on the local state college economy, according to a Bloomberg report.

But coming a day after the university removed Joe Paterno's statue from outside Beaver Stadium and in the wake of a damaging report on the case that suggests officials ignored clear signs of abuse, the NCAA penalties deliver another crushing blow to Penn State football.