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July 23, 2012 AT 10:39 AM
The NCAA has handed down "unprecedented" sanctions on Penn State University's football program in the wake of the Jerry Sandusky child abuse scandal. PSU will incur $60 million in fines, a four-year bowl ban, a reduction in scholarships and the vacating of all wins between 1998-2001, which means coach Joe Paterno is no longer the winningest coach in NCAA history. Len Berman has the story.