The NCAA slammed Penn State with an unprecedented series of penalties today, 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. Other sanctions include a four-year ban on bowl games, the loss of 20 scholarships per year over four years and five years' probation. The NCAA also said that any current or incoming football players are free to immediately transfer and compete at another school.