Penn St fined $60 million, wins vacated from '98-'11

CREATED Jul. 23, 2012

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(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.