According to multiple media reports, the program will be fined $60 million with monies going toward an endowment for child sex abuse victims. It must also reduce 10 initial and 20 total scholarships each year for a four-year period.
In addition, Penn State football must vacate all wins from 1998 – 2011, a total of 112 victories. The program has been handed a four-year bowl game ban. Current players have an option to transfer schools immediately without any penalty.
The Penn State athletic program will be placed on probation for five years.