This morning the NCAA announced a number of sanctions against Penn State including a four year bowl ban, a $12 million penalty per year for five years, five years of probation and a loss of 10 scholarships per year for four years (as well as others).
Head coach Bill O'Brien just released the following statement:
"Today we receive a very harsh penalty from the NCAA and as Head Coach of the Nittany Lions football program, I will do everything in my power to not only comply, but help guide the University forward to become a national leader in ethics, compliance and operational excellence. I knew when I accepted the position that there would be tough times ahead. But I am committed for the long term to Penn State and our student athletes.
"I was then and I remain convinced that our student athletes are the best in the country. I could not be more proud to lead this team and these courageous and humble young men into the upcoming 2012 season. Together we are committed to building a better athletic program and university."