The news quickly spread this morning regarding sanctions imposed on the Penn State football team. By the time I publish this blog post, you probably have already heard some of all of the sanctions imposed on the school. The sanctions include: * A 60 million dollar fine * A four year ban on bowl games * All wins by the football program, from 1998 though 2011, have been vacated. * The loss of 40 scholarships over the next four years Current players on Penn State, as a result of the sanctions, are free to immediately transfer to any school. Media reports say that the school will not appeal what was…