NCAA President Mark Emmert issued a landmark ruling Monday morning, crippling Penn State's ability to compete on the field for years to come by banning the football team from bowl games for four years, reducing initial scholarships to 15 a year for four years and fining the school $60 million.

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Emmert also stripped Penn State of all of its wins between 1998 and 2011, meaning that former coach Joe Paterno is no longer major college football's all-time winningest coach.