Penn State has been fined 60 million dollars. The money will go toward helping victims of sexual abuse.
The football program has been placed on probation for five years.
Penn State will not appear in a bowl game for four years.
The football program has been stripped of 40 scholarships.
And all of Penn State's victories between the years of 1998 and 2011 have been vacated. They've been erased from the record books.
Randy Ziemnik has more from Indianapolis. To view his report click on the media player.