Reports emerged within the last hour that Joe Paterno would retire at the end of this Penn State Football season. That report has now been confirmed by his son Scott, according to Sara Ganim.
This is a sad day for Penn State Football, and I would expect to hear some sort of official announcement from either coach Paterno or the school at some point today. We'll have continuing coverage of this story as it develops, but head over to Black Shoe Diaries for more reaction from Penn State fans.