The NCAA levied numerous sanctions against Pennsylvania State University Monday morning, including a ban that will keep its football team from competing in any postseason play for the next four seasons and a $60 million fine.
The NCAA will also strip the program of 112 wins – all but one of which came under Joe Paterno – dating back to 1998. The vacated victories mean that Paterno will no longer hold the title of winningest coach in college football history.
Penn State will also be required to reduce its number of football scholarships from 25 to 15 over the next four seasons. In addition, players currently attending the university will keep their scholarships, regardless of whether or not they continue to play football, NCAA resident Mark Emmert said at a press conference.
Current team members and new recruits will be able to transfer to another university and forego any standard period of ineligibility.
Finally, Emmert said the NCAA would continue to investigate the action of university personnel regarding the handling of Jerry Sandusky, and could issue individual sanctions upon the completion of all criminal cases.