Penn State hit hard by sanctions

The NCAA didn't issue a death penalty--a one year suspension of its program--but it still hit Penn State hard:

From Yahoo:

The NCAA took unprecedented actions against Penn State on Monday in response to the Jerry Sandusky child sexual molestation scandal, fining the school $60 million, cutting scholarships for four years, imposing a four-year postseason ban and vacating all wins from 1998-2011.

Vacating the wins means the late Joe Paterno no longer is the winningest major college football coach in history.

Annual revenue for the football team is $60 million, the amount of the fine. Those money will go towards an endowment fund to benefit the victims of sexual assault.

The Nittany Lions are in for a rough ride. Current football players will have the option of transferring from Penn State, without the having to sit out a year. And the Big Ten conference could inflict more punishment on  the team.

UPDATE 10:30am CDT: The Big Ten Conference hit PSU too. It won't be able to share in B1G bowl revenue for four years, which will cost the school an additional $13 million annually.

Technorati tags: pennsylvania politics pennsylvania penn state joe paterno

"Collegiate Large Field Mat - Big Ten Conf Rugby"