Penn State Punishments:
$60 million fine, representing approximately one year of football revenues. These funds will go to child sex abuse awareness programs.
4-year bowl game ban.
Scholarship reduction, cap lasting four years.
Any entering, returning football student athlete can transfer immediately. Presuming academic requirements are met, these potential transfers can play immediately.
PSU vacates all wins from 1998-2011. The loss of 111 career wins drops Joe Paterno from atop the all-time wins list to 12th.
PSU begins a five-year probationary period, with the NCAA reserving the right to implement further punishments.