July 24, 2012 in Sports

NCAA cracks down on Penn State

 

Sanctions handed down by the NCAA to Penn State and its football program:

$60 MILLION FINE

The NCAA imposed this because it is roughly equivalent to a year of gross revenue from the football program.

LOSS OF BOWL REVENUE

The Big Ten announced that Penn State’s cut of the conference’s shared bowl revenue — it estimates about $13 million over four years — will instead be donated to “established charitable organizations in Big Ten communities dedicated to the protection of children.”

VACATED WINS

Every Penn State win from 1998-2011 has been vacated.

LOSS OF 20 SCHOLARSHIPS PER SEASON FOR 4 YEARS

For next season and through the 2016 season, Penn State can only sign 15 recruits each year. Starting with the 2014 season, the Nittany Lions can only have 65 players on scholarship until after the 2017 season.

WAIVER OF TRANSFER RULES

Players are released from their commitment to Penn State and immediately eligible to transfer without having to sit out a year.

• More details on the NCAA sanctions /B5

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