Joe Paterno to resign at end of season

[Lamplighter]

There is more to this article, but these are the first few paragraphs
Additional penalties probably will also be announced by NCAA

Chicago Tribune
By Chris Dufresne, Tribune Newspapers
7:36 p.m. CDT, July 22, 2012

Paterno statue comes down a day before NCAA's hammer

Penn State removed the statue of former coach Joe Paterno outside Beaver Stadium
on Sunday in advance of NCAA sanctions that could cripple the football program for years.

The NCAA, a methodical and procedural organization not known for tipping its investigative hand,
has scheduled a Monday morning news conference at which it stated it will levy
"corrective and punitive measures" against the school in the wake of a child sex-abuse scandal
that led to the conviction of former assistant coach Jerry Sandusky.

The penalties will be disclosed at the organization's Indianapolis headquarters
by NCAA President Mark Emmert and Ed Ray, chairman of the NCAA's executive committee.

Multiple news agencies, including ESPN and Yahoo, reported that the penalties
would be "significant" and "staggering" and include a bowl ban and loss of scholarships,
but wouldn't require the school to shut down its famed program.

CBS News, quoting industry sources, reported Penn State would receive
"unprecedented" punishment for its role in the scandal,
including a fine of at least $30 million to perhaps as much as $60 million.
CBS reported the fine would go toward an endowment for children's causes.
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