Penalties for Penn State

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Dave Zirin, sports editor for The Nation and host of "Edge of Sports Radio" on Sirius XM, explains the NCAA penalties against the Penn State football program and what it could mean for the future of the school. 

The list of penalties imposed by the NCAA on Penn State

• A $60 million fine, with the proceeds going to an endowment fund for victims of sexual abuse

• A four-year bowl ban

• All Penn State victories from 1998-2011 are vacated – stripped from the record books

• A reduction of annual scholarships, with current players will be permitted to transfer and have immediate eligibility elsewhere

• And a five-year probationary period in which the university will have to work with an NCAA monitor to ensure ethical conduct