INDIANAPOLIS -- The NCAA has slammed Penn State with an unprecedented series of penalties, including a $60 million fine and the loss of all coach Joe Paterno's victories from 1998-2011, in the wake of the Jerry Sandusky child sex abuse scandal.

Other sanctions include a four-year ban on bowl games, and the loss of 20 scholarships per year over four years. Current players will be allowed to transfer without penalty if they are still considered eligible.

NCAA President Mark Emmert announced the staggering sanctions Monday at a news conference in Indianapolis. Though the NCAA stopped short of imposing the "death penalty" - shutting down the Nittany Lions' program completely - the punishment is still crippling for a team that is trying to start over with a new coach and a new outlook.

Sandusky, a former Penn State defensive coordinator, was found guilty in June of sexually abusing young boys, sometimes on campus.

Do you think the punishment fits the crime? If you were the NCAA president, what, if anything, would you have done differently? Leave your comments below and vote in our "Your Point of View" poll.