NCAA National Headquarters in Indianapolis, IN (Wikimedia Commons Copyright)
[Update]: The NCAA has handed down a fine of $60 million dollars, reduced scholarships from 25 to 15 for four years, forced Penn State to vacate every single win from 1998 to 2011, and banned the Nittany Lions from bowl games for four years. Monumental penalties, to say the least. Current players will be allowed to transfer, with no contract restrictions for other programs. Let the poaching begin. The Big 10 will issue additional sanctions at 11 am EST. --Wescott
[Update]: The Big 10 has announced Penn State is not eligible to receive their share of post season bowl revenue for the next four years to coincide with their post season NCAA penalty. The amount is estimated at $2 million per year and those funds will be given to various charities established for the protection of children. --TXStampede
NCAA sanctions against Penn State in the aftermath the Sandusky-related cover-up will be announced at 8:00 am CDT this morning. This will be your open thread to discuss them. Again, this isn't strictly Texas-related, but based on the nearly 500 comments (as I type this) in Thursday's 'death penalty' post, we (rightly) assume this topic is newsworthy enough for our community commentary.
Thursday's discussion was, for the most part, very civil, with many intelligent and well-articulated arguments being made both for and against the proposition that PSU should receive the death penalty. Let's keep it respectful again, remembering that there is no sole correct way for the NCAA to address this unprecedented situation.
Follow after the jump for the SBNation Studios take on the sanctions.
Penn State Scandal: NCAA Imposes Major Sanctions on Football Team (via sbnation)