"Today is a victory for Penn State nation," said Pennsylvania Senate Majority Leader Jake Corman

Penn Staters, Victim Advocates Don't Embrace NCAA Over Paterno Deal

Sandusky was convicted in 2012 of sexually abusing 10 children, sometimes on campus, and is serving 30 to 60 years in prison.

The pact emerged just days after a federal judge declined to rule on the constitutionality of the sanctions and weeks before a Pennsylvania court was to hold a trial on the legality of the penalties.

"Today is a victory for Penn State nation," said Pennsylvania Senate Majority Leader Jake Corman, who had sued the NCAA with state Treasurer Rob McCord. "The NCAA has surrendered."

The penalties sprung from the scandal that erupted when Sandusky was accused of sexually abusing boys, some of them on campus.