Ray cited the Sandusky criminal investigation and the recently released Freeh Commission report as reasons for the NCAA actions. Ray noted that Penn State commissioned the Freeh report and agreed with the findings.
The $60 million fine, which Emmert said equaled one year of gross revenue from the football team, will be used to establish an endowment to help child sexual abuse victims.
Penn State will be banned from the postseason for four years, which includes the Big Ten championship game and any bowl appearance. Initial scholarships have been reduced to 15 from 25 for four years; that means Penn State can sign just 15 recruits a year for four years. In addition, any player can transfer immediately without sitting out.
Emmert said Penn State has signed a consent decree in regard to the penalties, and he said the NCAA will work with Penn State to make sure the school implements the procedures called for by the NCAA.
Sandusky, a former Penn State defensive coordinator, was convicted of 45 counts of child molestation and is awaiting sentencing.