NCAA slams Penn State: $60-million fine, loss of all Paterno wins from 1998-2011

INDIANAPOLIS - 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.

The sanctions come in the wake of the Jerry Sandusky child sex abuse scandal.

Other penalties include a four-year ban on bowl games, and the loss of 20 scholarships per year over four years.

NCAA President Mark Emmert announced the staggering sanctions Monday at a news conference in Indianapolis.

Though the NCAA stopped short of imposing the "death penalty" — shutting down the Nittany Lions' program completely — the punishment is still crippling for a team that is trying to start over with a new coach and a new outlook.

Sandusky, a former Penn State defensive co-ordinator, was found guilty in June of sexually abusing young boys, sometimes on campus.