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Penn State fined $60M, wins vacated from '98-11

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INDIANAPOLIS -- The NCAA 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 says Penn State perpetuated a “football first” culture which must change.

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.

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