Ed Ray, left, NCAA Executive Committee chair and Oregon State University president answers questions about the penalties against Penn State as NCAA President Mark Emmert, looks on during a news conference in Indianapolis, Monday, July 23, 2012. The NCAA has slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal.
Ed Ray, left, NCAA Executive Committee chair and Oregon State University president answers questions about the penalties against Penn State as NCAA President Mark Emmert, looks on during a news conference in Indianapolis, Monday, July 23, 2012. The NCAA has slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal. AP
Ed Ray, left, NCAA Executive Committee chair and Oregon State University president answers questions about the penalties against Penn State as NCAA President Mark Emmert, looks on during a news conference in Indianapolis, Monday, July 23, 2012. The NCAA has slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal. AP

NCAA sanctions: Penn State fined $60 million, football wins from 1998 to 2011 vacated

July 23, 2012 09:02 AM

UPDATED June 05, 2015 05:18 PM

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