Penn State slammed by NCAA SanctionsFeatured Stories, Sports Monday, July 23rd, 2012
“These funds must be paid into an endowment for external programs preventing child sexual abuse or assisting victims and may not be used to fund such programs at the university,” the statement said.
The career record of former head football coach Joe Paterno will reflect these vacated records, the statement continued.
Penn State must also reduce 10 initial and 20 total scholarships each year for a four-year period, the release said.
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