Penn State sanctions by NCAA

NCAA president Mark Emmert handing out the sanctions. (Getty Images)

The NCAA on July 24 punished the Penn State football program with a $60 million fine, a four-year ban from participating in postseason bowl games and the erasing of 112 wins by the team from 1998 to 2011. That also means Joe Paterno's all-time record of 409 wins no longer stands.