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Penn State NCAA Sanctions To Include Fine Of $30 To $60 Million, According To Reports

Details of what kind of "unprecedented" penalties for the Penn State football program could be facing have begun to be unveiled, as CBS Sports is reporting that Penn State University is facing a hefty fine as a part of the punishment.

The report says that the NCAA will fine the university in the range of $30 to $60 million, with the money going toward an endowment for children-related causes.

There has not been specifics as to what other penalties the university and program will face, but all reports indicate that there will be large scholarship penalties and post-season bans. Reports earlier in the day suggested that the NCAA is not going to use the "Death Penalty", nor will there be any cancellations of games.

The NCAA will announce the full slate of sanctions at a press conference scheduled for 9 a.m. ET on Monday.

For more on Penn State athletics, head over to Black Shoe Diaries. For more on everything surrounding the Penn State scandal, stick with our StoryStream.

Photographs by dizfunk used in background montage under Creative Commons. Thank you.