NCAA imposes severe penalities on Penn State

In the wake of the Freeh Report that presented “an unprecedented failure of institutional integrity leading to a culture in which a football program was held in higher esteem than the values of the institution, the values of the NCAA, the values of higher education, and most disturbingly the values of human decency,” the National Collegiate Athletic Association imposed sanctions on Penn State University this morning that include a $60 million fine and a four year ban on all post season play by the university’s football team.

All wins of the football team dating back to 1998 have been vacated and the record of the late coach Joe Paterno will reflect the vacated records.

Student-athletes will be allowed to transfer out of Penn State without effecting their eligibility to compete at their new schools.

The $60 million will be used to fund an endowment for programs, external from Penn State, to prevent child abuse and assist victims.s

The NCAA’s statement can be read here.