Following the Jerry Sandusky molestation scandal that rocked Penn State, the NCAA reached an agreement with the school to reinstate Paterno’s wins.

ESPN reports:

Joe Paterno is now winningest coach

STATE COLLEGE, Pa. — Penn State’s football team is getting back 112 wins wiped out during the Jerry Sandusky child molestation scandal, and the late Joe Paterno has been restored as the winningest coach in major college football history.

The NCAA announced the new settlement with the school Friday, weeks before a scheduled trial on the legality of the 2012 consent decree it will replace.

The new deal also directs a $60 million fine to address child abuse be spent within Pennsylvania and resolves that lawsuit.

The NCAA’s board of governors approved the settlement, association spokesman Bob Williams said. The Penn State board approved it Friday afternoon.

The announcement follows the NCAA’s decision last year to reinstate the school’s full complement of football scholarships and let Penn State participate in postseason play, and it comes just days after a federal judge declined to rule on the consent decree’s constitutionality.

NCAA president Mark Emmert said the settlement did not serve to acknowledge any error on the part of the NCAA or signal victory for Penn State.

“We are not at all admitting that we didn’t have the authority to impose the penalties,” he said.

He said the NCAA acted in an unprecedented manner because of the severity of the situation.

“This was,” Emmert said, “in all ways, an extraordinary circumstance. We all hope that we never find ourselves in a position like this.”

Emmert declined to comment on a potential settlement with the Paterno family.

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Joe Paterno is now winningest coach (ESPN)