"The university is much larger than its athletic teams," board vice chair John Surma said during a packed press conference.
(At left, watch the press conference announcing Paterno's termination.)
A source close to former Penn State Football Coach Joe Paterno tells CBS News chief investigative correspondent Armen Keteyian that the Paterno family is shocked and outraged over the university's handling of the firing.
The source claims Surma lied at the press conference announcing Paterno's firing when he said the board had informed Paterno by phone about its decision to terminate the head coach after 46 seasons.
"The past several days have been absolutely terrible for the entire Penn State community. Speaking outside his home after the press conference, Paterno said: "Right now, I'm not the football coach. Paterno notified the athletic director, Tim Curley, and a vice president, Gary Schultz.
Paterno has 409 victories — a record for major college football — won two national titles and guided five teams to unbeaten, untied seasons. He reached 300 wins faster than any other coach.
Penn State is 8-1 this year, with its only loss to powerhouse Alabama. After 19th-ranked Nebraska, Penn State plays at Ohio State and at No. 16 Wisconsin, both Big Ten rivals. Sandusky, who retired from Penn State in June 1999, maintained his innocence through his lawyer.
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