Frankly, I don't think Penn State should ever be allowed to compete in athletics in any venue.
To look the other way when an assistant coach is sexually abusing children is condoning the sexual abuse of children. If you condone the sexual abuse of children, you are morally reprehensible and should not receive any human privileges.
Since Penn State is merely getting fined and losing some scholarships, I am very hopeful that all their future football teams and coaches are wretchedly cursed with ultimate loser status. If you're a high school student with a football future, avoid Penn State like the plague. If you're a fan of college football, you should boycott Penn State games. This school should not be allowed to participate in anything "normal" because there isn't anything "normal" about it.