The Penn State football program faces serious disciplinary action from the NCAA over the child sex scandal involving former assistant coach Jerry Sandusky.
In a press conference Monday, Penn State President Rod Erickson said the university would suffer the following punitive measures:
- The university will be banned from bowl games for four years.
- It will lose 10 football scholarships per year for four years.
- The school must pay $60 million in fines. The money will go toward a fund for child abuse victims.
- Penn State will be placed on probation for five years.
The news comes after a statue of Penn State football coach Joe Paterno was removed from the campus this weekend.
Paterno's legacy has been tarnished by the sexual abuse scandal that took place on his watch.
He and other top school officials are accused of not doing enough to stop Sandusky from abusing children at the school.
"I believe that, were it to remain, the statue will be a recurring wound to the multitude of individuals across the nation and beyond who have been the victims of child abuse," Penn State President Rod Erickson said in a statement released at 7 a.m. Sunday.