Penn State fined $60 million - ABC6 - Providence, RI and New Bedford, MA News, Weather

Penn State fined $60 million

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INDIANAPOLIS (AP) - The NCAA has slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal.
    
Other sanctions include a four-year ban on bowl games, and the loss of 20 scholarships per year over four years.
    
NCAA President Mark Emmert announced the staggering sanctions Monday at a news conference in Indianapolis. Though the NCAA stopped short of imposing the "death penalty" - shutting down the Nittany Lions' program completely - the punishment is still crippling for a team that is trying to start over with a new coach and a new outlook.
    
Sandusky, a former Penn State defensive coordinator, was found guilty in June of sexually abusing young boys, sometimes on campus.

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