July 23, 2012
Penn State was assessed a $60 million fine, a four-year bowl ban and a loss of scholarships Monday when the NCAA handed down its penalties, while former coach Joe Paterno had 14 years of wins erased. The latter penalty moved Paterno from the top of the record books as the all-time FBS wins leader with 409 victories down to 12th on the list.
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The NCAA slams Penn State and former coach Joe Paterno on Monday to the tune of a $60 million fine, loss of scholarships, a four-year bowl ban and the vacating of more than 100 wins, but the Nittany Lions avoid the dreaded “death penalty.”