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Penn State fined $60M, Paterno’s wins vacated from 1998-2011

INDIANAPOLIS –  Penn State football was all but leveled Monday by an NCAA ruling that wiped away 14 years of coach Joe Paterno’s victories and imposed a mountain of fines and penalties, crippling a program whose pedophile assistant coach spent uncounted years molesting children, sometimes on university property.

The sanctions by the governing body of college sports, which capped eight months of turmoil on the central Pennsylvania campus, stopped short of delivering the “death penalty” of shutting down the sport. But the NCAA hit Penn State with $60 million in fines, ordered it out of the postseason for four years, and will cap scholarships at 20 below the normal limit for four years.

Other sanctions five years’ probation, and the NCAA also said that any current or incoming football players are free to immediately transfer and compete at another…

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