(NBCNews.com) The NCAA slammed Penn State with an unprecedented series of penalties Monday, 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, the loss of 20 scholarships per year over four years and five years' probation. The NCAA also said that any current or incoming football players are free to immediately transfer and compete at another school.
NCAA President Mark Emmert announced the staggering sanctions 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.
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