To view (part one) click here: http://mgoblog.com/mgoboard/penn-state-punishment-open-thread
I decided to continue the original thread because it is over 300 replies. Also the B1G is holding a press conference to release their sanctions and penalties at 11am.
Everything from the original thread is in regards to the NCAA press conference at 9am.
So far here is what we know:
$60 million sanction - will be paid out $12/year over 5 years.
Money cannot be taken from academics or other sports. (Meaning most likely it's going to have to be privately funded).
Money goes to child abuse victims, prevention, awareness, etc.
Vacation of wins from 1998-2011 (112 wins)*
Joe Paterno record now 298-136-3; fifth on FBS all-time list
Mike McQueary is now the last PSU QB with a winning record
Four-year postseason ban
Reduce 10 initial scholarships and 20 scholarships each year for a 4-year period
Players may transfer and play immediately at other schools
Athletic department on probation for five years
No "Death Penalty"
Also, Penn St. has had one recruit (Ross Douglas) decommit.
Here is the Mod's (from part 1) note to all:
I'm not trying to censor anyone. Instead, this is an open place to discuss your thoughts. Keep it clean. I'll review the thread later and be very unkind to posters who decide to be jerks.