PSU sanctions on ESPNU @9AM EDT

1. $60M penalty money to go to victims programs
2. 4 year post season bans
3. Reduce from 25 to 15 football 'ships per year for 4 years
4. Immediately transfer of any FB player who wants to leave w/o waiting period to play for new school
5. Vacate ALL WINS from 1998-2011
6. 5 years probation
7. NCAA formal investigations of individuals involved after criminal investigations are over
8. NCAA quarterly monitoring for 5 years

 

The Big Ten announced it'll match the NCAA's four-year bowl ban with a four-year conference championship ban -- not that PSU's going to the Big Ten title game any time soon -- and will redistribute Penn State's cut of Big Ten bowl revenue for the same period to children's charities. That should amount to something like $13 million.