The NCAA has announced its punishment of Penn State at a press conference in Indianapolis:
• A $60 million fine, with the proceeds going to an endowment fund for victims of sexual abuse.
• A four-year bowl ban.
• Vacated all Penn State victories from 1998 to 2011.
• A reduction of annual scholarships from 25 to 15 for four years. Current players will be permitted to transfer and have immediate eligibility elsewhere.
• Five-year probation in which the university will have to work with an NCAA monitor.
NCAA president Mark Emmert said Penn State has signed a consent decree and will not appeal. More to come.
The best thing was we were watching this and some guy was sniffling and giving an interview on camera. He talked about the tarps being erected to hide the removal of hte statue... and how that was the same lack of transparency that got them in the mess... and how they never still learned..