The NCAA announced its punishment for Penn State after assistant coach Jerry Sandusky was found guilty of molesting children over 15 years. The school was fined $60 million, its wins will be vacated from 1998 to 2011 and its scholarships will be cut by 20 spots, according to this AP story.

Vacating the wins means Penn State's former football coach Joe Paterno no longer holds the record for most wins. The $60 million will fund programs to support victims of child sex abuse, and it cannot be used for programs at Penn State. Incoming and current players are also free to transfer to other schools for five years.

The penalties are severe, but the NCAA did not go far enough. The football program should have been shut down for several years. The NCAA blinked.

Authorities at Penn State ignored multiple warnings about Jerry Sandusky and the crimes went unreported to police and child welfare agencies. The NCAA is an organization more used to limiting gifts to players and recruits. Violations can as small as a fruit basket. The head of the NCAA is former University of Washington president Mark Emmert.

What do you think? Did the NCAA go far enough with the penalties it imposed on Penn State?