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Penn State Scandal: PSU Facing Loss Of Bowls, Scholarships -- Report

After months of speculation, the hammer is about to come down on the Penn State football program. According to ESPN's Joe Schad the penalties which will be given out by the NCAA and its President Mark Emmert on Monday morning will be a loss of bowl bids and scholarships.

"Penn State sanctions expected to be extremely harsh and could even be perceived as more damaging long-term than 'death penalty", said Schad via Twitter on Sunday.

According to Schad, this is the first time a NCAA President has had this type of authority to hand down this type of punishment.

Schad's reports come in the wake of a few big stories to come out of State College, Pa. on Sunday. The first was the statement by PSU President Rodney Erickson that said the statue of former head coach Joe Paterno, which sat outside Beaver Stadium, would be removed and place in a safe place. The second was the breaking news that the NCAA would hold a press conference Monday at 9 a.m. ET to announce "unprecedented penalties" against PSU.

For more on the Penn State Scandal, please be sure to check out our blog Black Shoe Diaries and SB Nation Philly for all the latest news and updates.