Penn State hit hard by sanctions

The NCAA came down with an iron fist on Penn State University on Monday morning.

In a report by CNN, the NCAA fined the school 60 million dollars and banned its football team from the postseason for the next 4 years.

The school has also been ordered to forfeit all of their wins from the 1998 football season. This decision strips the late Joe Paterno's title as winningest coach in major football college history.

The punishment is related to the school covering up a child sex abuse scandal involving former assistant coach Jerry Sandusky.

He was found guilty last month on 45 of 48 charges involving 10 young victims.