Associated Press, Published July 23 2012
Glance: NCAA and Big Ten sanctions of Penn StateSanctions handed down by the NCAA to Penn State and its football program.
$60 MILLION FINE
The NCAA imposed this because it is roughly equivalent to a year of gross revenue from the football program. It will be paid over a five-year period. The money will go to an endowment for “programs preventing child sexual abuse and/or assisting the victims of child sexual abuse.” The NCAA specified that Penn State cannot cut other sports programs or scholarships to pay this penalty.
LOSS OF BOWL REVENUE
The Big Ten announced that Penn State's cut of the conference's shared bowl revenue — it estimates about $13 million over four years — will instead be donated to “established charitable organizations in Big Ten communities dedicated to the protection of children.”
Every Penn State win from 1998-2011 has been vacated. This means Joe Paterno no longer has the record for most coaching wins in major college football. He loses 111 wins and the school loses 112 — the Nittany Lions beat Ohio State last season after Paterno was fired Nov. 9. Vacated wins are not the same as forfeits — they don't count as losses or wins for either school.
LOSS OF 20 SCHOLARSHIPS A SEASON FOR FOUR YEARS
For next season and through the 2016 season, Penn State can only sign 15 recruits a year. Most teams can sign 25. Starting with the 2014 season, the Nittany Lions can only have 65 players on scholarship until after the 2017 season. The usual scholarship limit for major college teams is 85.
WAIVER OF TRANSFER RULES
Players are released from their commitment to Penn State and immediately eligible to transfer without having to sit out a year. Additionally, football players who wish to continue their education without playing football may keep their scholarships as long as they remain academic requirements.
FOUR-YEAR POSTSEASON BAN
Penn State can't play in a bowl game, the Big Ten championship game, or the college football playoff for the national championship until after the 2016 season.
Penn State and the NCAA agreed that the university will follow a number of conditions and requirements imposed by the association. Among those is that Penn State adopt all the recommendations in the Freeh Report. Among those are that the university:
—Hire an independent monitor of the athletic department who will report to the NCAA, the Big Ten Conference and the Penn State Board of Trustees quarterly on the school's progress and make recommendations to help implement the terms of the agreement. The selection of the monitor will be done by the NCAA, in consultation with the Big Ten and the university
—Appoint a compliance officer and have him or her lead a council of faculty and senior administrators that will oversee ethical and legal matters.
—Create a hotline for anonymous questions or disclosure of issues regarding athletic department and NCAA issues.
—Provide yearly training on “issues of ethics, civility, standards of conduct and reporting of violations.”
POSSIBLE INDIVIDUAL SANCTIONS
The NCAA reserved the right to impose additional penalties on individuals after the conclusion of any criminal proceedings. Former Vice President Gary Schultz and Athletic Director Tim Curley are charged with perjury and failure to report suspected child abuse. Former president Graham Spanier, whom the Freeh Report found fault with, has not been charged.