That came after child sex abuse charges were brought against former assistant coach Sandusky. Sandusky was convicted in 2011. (Video via ABC)
Days later, Paterno, who was not charged with a crime, was fired by Penn State for allegedly turning a blind eye to the abuse. He died weeks later from lung cancer.
Originally, the NCAA fined the school $60 million, banned the team from postseason play for four years, reduced scholarships, vacated JoePa's wins dating back to 1998 and placed the school on probation.
The NCAA has reduced parts of the sentence throughout the years, though, giving back scholarships in 2013 and allowing the Nittany Lions to return to postseason play in 2014.
The NCAA has cited massive improvements made by the school as reasoning for the scaled-back punishments.
Paterno officially holds 298 wins, but Friday's announcement means a return to 409 wins.
This video includes images from Getty Images.