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The Penn State athletic program also will be put on a five-year probation and must work with an athletic-integrity monitor of NCAA's choosing.Any current or incoming football players are free to immediately transfer and compete at another school."There is incredible interest in what will happen to Penn State football," Ray said at the news conference."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."By vacating 112 Penn State victories from 1998-2011, the sanctions cost Paterno 111 wins.Playing with 20 fewer is crippling to a program that tries to compete at the highest level of the sport.The NCAA is considering waiving scholarship limits for programs to which Penn State players transfer, provided they reduce proportionately in the next year.

Penn State's proceeds from Big Ten bowl revenues from the four years, amounting to an estimated million, will be allocated "to established charitable organizations in Big Ten communities dedicated to the protection of children," the conference said.Penn State finished last season 1-3 with Tom Bradley as coach after Paterno was fired in November, days after Sandusky was charged.Former Florida State coach Bobby Bowden will now hold the top spot in the NCAA record book with 377 major-college wins. Vacated wins are not the same as forfeits -- they don't count as losses or wins for either school."I didn't want it to happen like this," Bowden told The Associated Press."Wish I could have earned it, but that's the way it is."The late Grambling State coach Eddie Robinson has the overall NCAA Division I record with 408 wins.The Paterno family released a statement Monday afternoon."The sanctions announced by the NCAA today defame the legacy and contributions of a great coach and educator without any input from our family or those who knew him best," the statement said.

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