NCAA president Mark Emmert ruled on Penn State this morning announcing a series of sanctions in its football program for its involvement in the sexual abuse scandal. Emmert announced the staggering sanctions at a news conference in Indianapolis.

In the ruling, Penn State will be banned from postseason bowls for the next four years. this will prevent Penn State from playing for the Big Ten title.

The school will also have 20 of its scholarships eliminated each year over a period of four years and will be fined $60 million. The $60 million is equivalent to the annual gross revenue of Penn State’s football program. the fine money will be placed into an endowment for programs preventing child sexual abuse and for assisting victims of abuse. The money must be used externally and can’t be used to fund programs of that nature within Penn State.

Penn State was also stripped of its wins from 1998 to 2011. This ruling means that former coach Joe Paterno will no longer be college football’s all-time winningest coach. 111 wins have been erased from Paterno’s win column of 409. Paterno will own now only be credited with 298 wins. This means former Florida State coach Bobby Bowden now holds the top spot in the NCAA record book with wins totaling 377.

Across the nation, calls for the “Death Penalty” for Penn State’s football program have been heard. But, Penn State does not fit in the guidelines for that punishment. In order for the “Death Penalty” to be meted out the college in question has to commit a major violation while alreasy under sanction.

But, this unprecedented ruling, that bypassed the usual investigation protocol, could very well mean a virtual “death penalty” for Penn State’s football program. With only 65 scholarships for Penn State compared to the 85 scholarships per school for othe major college football programs, Penn State will not be able to compete at the highest level of the sport.

Because of this ruling the NCAA’s permitting any current or incoming Penn State football player to transfer without penalty. Penn State agreed to the sanctions and will not appeal the ruling.