Posted on 24 July 2012.
The NCAA on Monday imposed severe sanctions against Penn State in the Jerry Sandusky sex scandal but stopped short of imposing the “death penalty.”
NCAA President Mark Emmert said the penalties would include a $ 60 million fine, a four-year bowl ban, a reduction in football scholarships from 25 to 15 for four years and the vacating of all victories from 1998 to 2011. Football scholarships will be capped at 65, 20 fewer than the normal 85.
Emmert also said that any Penn State athlete who wants to transfer to another school can do so and be eligible to play immediately.
Emmert, speaking at a news conference at NCAA headquarters in Indianapolis, said the $ 60 million fine equals one year’s revenues for the Penn State football program.
“These funds must be paid into an endowment for external programs preventing child sexual abuse or assisting victims
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