Ed Ray, right, NCAA Executive Committee chair and Oregon State University president, answers questions about the penalties against the Penn State football program as Mark Emmert, NCAA president, looks on during a news conference in Indianapolis, Monday, July 23, 2012. The NCAA has slammed Penn State with an unprecedented series of penalties, including a $60 million aOlernKienOP
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Sanctions handed down by the NCAA to Penn State and its football program.

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 aOlernKienOP
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LOSS OF BOWL REVENUE

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VACATED WINS

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LOSS OF 20 SCHOLARSHIPS A SEASON FOR FOUR YEARS

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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. Among those is that Penn State adopt all the recommendations in the Freeh Report. Among those are that the university:

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a hotline for anonymous questions or disclosure of issues regarding athletic department and NCAA issues.

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