When earlier reports indicated Penn State was set to face “unprecedented” and “crippling” sanctions from NCAA President Mark Emmert, to be announced Monday morning at a news conference, the theories bandied about were the famed “death penalty” levied against SMU in the ‘80s, a longer-than-ever-before bowl ban or scholarship removals. No one really expected monetary fines in the tens of millions of dollars but, according to CBS Sports’s Brett McMurphy, who has been one of the most reliable reporters in the business, that’s what’s about to happen.
Penn State To Be Fined Between $30 And $60 Million, According To Report
McMurphy reports that Emmert is set to levy between $30 and $60 million in fines, a staggering amount considering Penn State’s athletic department had $116 million in revenue for the 2010-11 school year, according to the U.S. Department of Education’s Equity in Athletics. It’s unclear whether that amount will be against the school as a whole, the athletic department or just the football team, but that should be revealed by Monday morning, if not before.
For more on Nittany Lions football, visit Penn State blog Black Shoe Diaries, plus Big Ten blog Off Tackle Empire, SB Nation Pittsburgh and SB Nation Philly.
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