Penn State has been fined $60 million and will be banned from postseason activities for four seasons. A massive amount of scholarships will be taken away throughout these years, and any member of the current roster is allowed to transfer with immediate eligibility.
In addition, the 111 wins compiled by Joe Paterno from 1998-2011 have been vacated.
This all comes just one day after the university president Rodney Erickson decided to have the iconic statue of Joe Paterno taken down and placed inside Beaver Stadium.
Let's take a look at how the social media (Twitter world) has reacted:
ESPN's Colin Cowherd thinks the Penn State football program is done. With the loss of 20 scholarships (of 25) for the next four years, I'd have to agree.
"80 scholarships lost over 4 years. Program done. Rest you can overcome. Not that. Done."
After you take away the vacated wins, Joe Paterno now is on the outside looking in when talking about all-time winningest coaches, reported Darren Rovell.
"Joe Paterno is no longer in the TOP 10 of all time winning college football coaches."
Speaking of which, former Penn State (and current Washington Redskin) running back Evan Royster was pretty shocked when he found out that he never won a football game with the Nittany Lions.
"ah crap... so i lost every college football game i ever played in?"
Current Penn State senior offensive tackle Nate Cadogan appears to be staying for his final season.
"Psu vs the world!!! Day 1"
However, the same for corner recruit Ross Douglas cannot be said. He de-committed from PSU just moments after the sanctions were released, per Greg Pickel.
"Ohio cornerback Ross Douglas has decommitted from #PennState, per Bill Greene."
The NFL Network's Albert Breer thinks coach Bill O'Brien's path ahead is a rough one. Personally, I would not be surprised to see him leave at some point.
"Bill O'Brien's situation just went from a very, very difficult to impossible. At least for the next half-decade."
Mike Jensen of the Philadelphia Inquirer was told by a Penn State official that he'd probably rather of had the "death penalty."
"One college administrator on #PSU sanctions: Worse than two-year death penalty."
Atlanta Falcons wide receiver Roddy White agrees with the Penn State official, believes that the team won't be able to compete for quite some time.
"The 4 year bowl band is bad for recruiting and the scholarship lost means you can't compete. Might as well given them the death penalty."
Alby Oxenreiter pointed out the obvious, stating Penn State now has as many consecutive losing seasons as the MLB's Pittsburgh Pirates.
"Fact: Since 1998, "officially," Penn State has had as many consecutive losing seasons as the Pirates."
Yahoo! Sports' Dan Wetzel says death would have been better, but it's not the end of the world for Penn State.
"Competitively this was a fate worse than death. But 5-7 seasons aren't the end of the world for Penn State."
Jim Roberts of the New York Times tweets a picture of Penn State students watching Mark Emmert hand out the sanctions on live TV.
"Penn State students' jaws literally drop while watching NCAA announce sanctions."
USC athletic director Pat Hayden weighs in on the NCAA's final decision, outlining the remembrance of the victims and the impact of reduction in scholarships affected his program.
"Here is my reaction to the NCAA sanctions delivered to Penn State: http://www.usctrojans.com/blog/2012/07/haden-on-penn-state.html"
Texas A&M senior wide receiver Uzoma Nwachukwu is not a fan of the PSU officials.
"Shame on you Penn State Administrators. Shame shame shame."
"Not once did The Paterno Family statement address the extra victims Joe Paterno enabled Sandusky to abuse from 1998-2011. In a word 'Shame'"