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Penn State has been slapped with a four-year postseason bowl ban, a $60 million fine and vacation of wins dating from 1998-2011 after the NCAA came to a ruling just this morning.
Late head coach Joe Paterno was also stripped of his title as the winningest coach in history with the loss of those thirteen years of wins.
"The historically unprecedented actions by the NCAA are warranted by the conspiracy of silence maintained at highest level of the university with reckless and callous disregard for children," Ed Ray, the chair of the NCAA's executive committee, stated in an announcement today.
Penn State's $60m fine, equivalent to one year's football revenues, will be used to create a child sex abuse awareness program around the country. Penn State will also lose the majority of their football scholarship abilities, the ruling went on to state.
It's been a tough week for Penn State football fans as the NCAA ruling came just a day after the statue of Paterno outside Beaver Stadium was removed permanently by Rodney Erickson, the university's new president.
Penn State did avoid the NCAA 'death penalty' which would have effectively shut down the football program for one academic year.
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