The NCAA announced Monday morning the sanctions that will come as a direct result of Penn State’s actions over the past (at least) 14 years. After covering up the actions of Jerry Sandusky – assistant football coach and convicted pedophile – for over a decade, Penn State will now face the harsh consequences.
$60 million fine
The NCAA will collect a record $60 million fine from the school. While this is an unprecedented amount, the school does typically make that much in football revenue per year, and they will still be allowed to collect revenues from television deals and ticket sales. They will pay the $60 million in five installments. Continue reading NCAA Announces Penn State Punishment for Jerry Sandusky Cover-Up »