State College, PA (WBNG Binghamton) The NCAA banned Penn State Nittany Lions from post-season bowl games for four years, fined the program $60 million and issued other penalties.
The sanctions are the result of Penn State's failure to protect children from sexual abuse by former assistant coach Jerry Sandusky.
Coach Bill O'Brien stated "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."
On Sunday, Penn State removed the statue of iconic coach Joe Paterno who was among those accused of burying allegations against his former assistant.