NCAA Comes Down Hard On The Penn State Football Program

July 23, 2012 Updated Jul 23, 2012 at 11:26 AM EDT

By WKBW News

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NCAA Comes Down Hard On The Penn State Football Program

July 23, 2012 Updated Jul 23, 2012 at 11:26 AM EDT

Indianapolis, IN (WKBW/ESPN) - NCAA has given Penn State University sanctions that some people might call a "walking death penalty". In an unprecedented action by the NCAA, Penn State is hit with a $60 million sanction, a four-year football postseason ban, vacation of all wins from 1998 - 2011, and must reduce 10 initial scholarships and 20 total scholarships for a four year period. Also the Penn State athletic program is on a five-year probation where the program must work with an athletic-integrity monitor of the NCAA's choosing.

The career record of wins for former Penn State Coach Joe Paterno has also been changed. With the vacation of wins, Joe Paterno's record now is 298-136-3, fifth on FBS all-time list and dropping him from 1st to 12th on the winningest NCAA football coach list. Penn State will also have six bowl wins and two conference championships erased. The Gerald R. Ford Award, given to Joe Paterno in 2011, has been also revoked, the NCAA confirmed.

The NCAA said the $60 million was equivalent to the average annual revenue of the football program. The NCAA ordered Penn State to pay the penalty funds into an endowment for "external programs preventing child sexual abuse or assisting victims and may not be used to fund such programs at the university."

College Football programs that want to perform at the elite status need the 85 scholarships per year to succeed, so with the 20 less Penn State will have to work with, it almost cripples their program for four-years. Also student players may transfer and play immediately at other schools if they so choose, after learning of Penn State's fate.

The Big Ten will also sanction Penn State. The conference will also place the university on a five-year probation to run concurrently with the NCAA's probation, and has declared the football program ineligible for the Big Ten championship game for the four years in which the NCAA banned the Nittany Lions from postseason play.

Penn State's proceeds from the Big Ten bowl revenues, from the four years amounting to an estimated $13 million, will be allocated "to established charitable organizations in Big Ten communities dedicated to the protection of children," the conference said.

All of these actions come one day after the statue of Joe Paterno was taken down out front of Beaver Stadium at Penn State.

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Photo Courtesy of ABCNews.com