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.

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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