The NCAA lowered the boom on Penn State today, after an independent investigation concluded that the university’s highest-ranking officers failed to act when they had evidence that a football coach had molested boys. The school must pay $60 million in fines, forfeit all of their victories from 1998 forward — about the time Penn State officials should have taken action against convicted serial child molester Jerry Sandusky — and be ineligible for bowl games for four years:

College sports’ governing body today suspended Penn State’s football team from post-season bowl play for four years and fined the university $60 million for its handling of the Jerry Sandusky child sex abuse scandal.

The teams also must vacate all wins from 1998 through 2011.

This morning’s announcement by the NCAA stood out as much for its harshness as for the swiftness with which it came. In past scandals at the University of Southern California, Auburn and Ohio State, the association attracted criticism for its slow pace.

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