Penn State hit with $60m penalty over sex abuse case

The governing body of US college sports on Monday fined Penn State University $60 million and voided its football victories for the past 14 seasons in an unprecedented rebuke for the school's failure to stop coach Jerry Sandusky's sexual abuse of children.

NCAA President Mark Emmert said the school had put "hero worship and winning at all costs" ahead of integrity, honesty and responsibility.

Penn State was not given the so-called death penalty that could have suspended its football program, but it was banned from lucrative post-season games for four years and had the number of scholarships available to players reduced from 25 to 15.