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Report: Penn State to be fined between $30 and 60 million

source tells CBS Sports that a fine of as much as $60 million could be levied against Penn State:

The NCAA will fine Penn State at least $30 million and perhaps as much as $60 million for its involvement in the Jerry Sandusky scandal, industry sources told CBSSports.com’s Brett McMurphy.

The record fine will go toward an endowment for children’s causes, sources said.

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It will be a significant chunk of change for the athletic program:

Some see such a fine as a slap on the wrist.

However, the official announcement of sanctions is not until Monday morning. The fine could be on top of other sanctions.

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