Penn State's football program was huge, it was an enormous business and the school's main draw for new students.
Now the NCAA has finally spoken out on what they plan to do in wake of the Jerry Sandusky sex abuse scandal.
They have imposed several sanctions that Penn State must follow if they want to continue to be involved in NCAA competitions.
Even thought the penalties are pretty serious, Penn State clearly wants to distance itself from the scandal and move on, as you can see by the fact they removed the Joe Paterno statue from campus.
Check out the video (above) to hear exactly what they have to do to remain NCAA sanctioned.