The National Collegiate Athletic Association handed down what it billed as "unprecedented" sanctions to Penn State on Monday after a pedophilia scandal rocked the college.

Jerry Sandusky, a longtime assistant coach with the college, was convicted last month on 45 of 48 counts of sexual abuse of young boys who attended summer camps at the college. A recent FBI report found that officials at Penn State actively worked to prevent the accusations of sexual abuse from becoming public.

Watch live, broadcast on MSNBC on July 23.

Visit for breaking news, world news, and news about the economy