Indianapolis, IN (SportsNetwork.com) - The NCAA has reached an agreement that will restore Penn State's vacated wins from 1998 through 2011, reversing a decision that was part of the 2012 sanctions stemming from the Jerry Sandusky child molestation scandal.
In addition to the vacated wins, the NCAA levied a fine of $60 million, issued a four-year postseason ban, reduced scholarships and placed the university on five years of probation.
The postseason ban was removed in September and Penn State played in the Pinstripe Bowl this past December.
Restoring the vacated wins will again make the late Joe Paterno the winningest coach in major college football with 409 victories.
Paterno died in January 2012, just months after he was fired in the aftermath of the Sandusky scandal.
In November 2011, Sandusky was arrested on charges that he sexually abused young boys. Sandusky, a former assistant under Paterno, was convicted in 2012 of 45 counts and is serving a sentence of 30-to-60 years in prison.
Friday's announcement was part of a settlement reached in a lawsuit that had originally asked a judge to restrict the distribution of the $60 million fine to child sexual abuse prevention organizations in Pennsylvania rather than national organizations.
Receive your weekly recap of all the happenings around the world of sports.