NCAA fines Penn State $60M, wipes out wins from '98-11

Jul. 23, 2012 - The NCAA slammed Penn State Monday with an unprecedented series of penalties, 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. (/Associated Press) Correction: Clarification:

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