More insight into the decision by the NCAA:

Without any further delay, here are the penalties. The Big Ten is also set to announce additional sanctions against Penn State later this morning

1) A $60 million fine, the funds of which go to external programs for child abuse. According to the NCAA, that amount “cannot come at the expense of non-revenue sports or student-athlete scholarships.”

2) A four-year postseason ban.

3) All wins from 1998-2011 will be vacated (111 wins). Joe Paterno is no longer major college football’s winningest.

4) A reduction of 10 initial and 20 total scholarships each year for a four-year period. This will drop the limit of offered scholarships per year to 15 and cap the total number of scholarships to 65.

5) Five years probation with a monitor.

6) The NCAA can investigate the program further after criminal proceedings.

Additionally, Penn State athletes may be allowed to transfer wherever they like without penalty. NCAA is considering waiving scholarship limit for schools that accept PSU transfers as well, so the Association is really bending over backward for the athletes here.

I really agree with the last part, and yet the decision doesn’t go hard enough against the university.