The NCAA announced the sanctions Penn State will incur because of the child sex abuse scandal involving former assistant coach Jerry Sandusky. The penalties include a 60 million dollar fine, a vacation of all wins dating back to 1998, the loss of ten scholarships, and a four year postseason ban.

Here's video of the announcement from ESPN.com:

There you have it. Penn State is dead for awhile. What do you think? Feel free to leave a comment in the Facebook widget below.