Penn State's sanctions

The Penn State football team gathers on the field before an NCAA college football game against Temple at Beaver Stadium in State College, Pa. (Sept. 25, 2010) Credit: AP
The NCAA hit Penn State with sanctions for their handling of Jerry Sandusky’s sexual abuse of children. Here are the main sanctions and what they mean for the school:
Penn State must pay the amount over a five-year period beginning in 2012, with the minimum amount at $12 million per year. The amount is the approximate average of one year’s gross revenues from the football program. The money will be placed in an endowment for programs preventing child sex abuse and/or assisting victims of child sex abuse. The NCAA makes clear that Penn State cannot use the proceeds to fund another program at the school and cannot reduce or eliminate a current sponsored athletic team to pay this fine.
Penn State cannot participate in a postseason game — either a bowl game or the Big Ten championship — from 2012-13 until 2015-16.
Penn State will lose 40 total scholarships beginning with the 2013-14 season through the 2016-17 season. Penn State will be limited to offering 15 scholarships per season to recruits (25 is the maximum). Penn State will have a limit of 65 total scholarship players on the roster during the four years (85 is the maximum).
The NCAA announced that it would vacate all Penn State wins (112) from 1998 to 2011 and remove those numbers from the official records.