The Penn State football program and the school will be handed "corrective and punitive measures" by the NCAA on Monday.
A high-ranking NCAA source said, "I've never seen anything like it," according to CBS News, which first reported the sanctions.
ESPN reported that announcement will not be the NCAA's well known "death penalty," but it will include deep scholarship cuts and loss of bowl eligibility for many years.
The announcement will be made at 9 a.m. ET Monday in Indianapolis by NCAA president Mark Emmert and Ed Ray, chairman of the NCAA's executive committee, according to a statement.
The NCAA decision comes in the wake of the independent investigation by former FBI director Louis Freeh, whose findings were made public July 12. In the report, Freeh's investigative team revealed coach Joe Paterno allegedly had detailed knowledge of activity involving Jerry Sandusky before and after Sandusky retired in 1999.
Normally the NCAA conducts its own investigations and schools are given a notice of allegations and due process hearings. However, ESPN reported Emmert was granted authority to sanction Penn State "through non-traditional methods.
Sandusky was convicted of 45 counts of criminal child sex abuse against 10 victims. With three more victims speaking out last week, the grand jury investigation that led to Sandusky's arrest in November is ongoing and more charges could be filed.
Sandusky faces more than 440 years behind bars and is awaiting sentencing likely to be scheduled in September.
---The statue of football coach Joe Paterno was removed from Beaver Stadium in State College, Pa., on Sunday morning, the Penn State University president announced.
Rodney Erickson said in a statement the statue would be placed in "secure location" that was not named. Erickson said the late coach's name would not be removed from the school's library.
"I now believe that, contrary to is original intention, Coach Paterno's statue has become a source of division and an obstacle to healing in our university and beyond," Erickson said. "For that reason, I have decided that it is in the best interest of our university and public safety to remove the statue and store it in a secure location."
The statue was removed early Sunday morning by forklift after the area was cordoned off with a chain-link fence.
The Paterno family released a statement Sunday morning that strongly disagreed with the removal of the statue.
whether to take the Paterno out of its athletic hall of fame. Paterno graduated from Brown
---Michigan wide receiver Darryl Stonum announced Sunday he is transferring to Baylor.
Stonum, who has one year of eligibility left, missed last season because of disciplinary issues.
He made the made the announcement on his Twitter account. Baylor has yet to confirm he is part of its football roster.
The Stafford, Texas, native was dismissed from the team prior to last season after his second drunken driving arrest and then violating his probation in 2010. He is expected to be eligible at Baylor as a graduate student in a program not offered at Michigan.
Stonum has 76 career catches for 1,008 yards and six touchdowns at Michigan. He broke the school's single-season kickoff-return yardage record in 2009 with 1,001 yards.