Sanctions levied against Penn State

POSTED: 10:56 AM MDT Jul 23, 2012    UPDATED: 11:37 AM MDT Jul 23, 2012 
NCAA announces Penn State penalties 2

Penn State got hit with a $60 million Monday by the NCAA and is banned from post season play for four years along with other punishments amid the fallout of the Jerry Sandusky sex abuse scandal.