Penn State Fined $60M, Banned From Bowls, Wins From 1998 On Vacated

Saying that the punishment is “warranted by the conspiracy of silence” among Penn State University’s top leadership that turned a blind eye to former assistant football coach Jerry Sandusky’s sexual abuse of young boys, the NCAA just announced sanctions on the school that include:

— A $60 million fine. The money will go into an endowment fund to support programs around the nation that assist victims of sexual abuse, NCAA President Mark Emmert said.

— A ban on participation in post-season football bowl games for four years.