If it weren't for the unprecedented penalties levied by the NCAA against Penn State last week, we'd all have a jaw dropping moment about what the NCAA did today.

The University of Central Florida was hit with fines, scholarship reductions and a one year post season ban in both football and men's basketball as the result of NCAA violations.

The school was also found to have a "lack of institutional control" and issued a "show cause" penalty for more than one employee.

Because of the post season ban in men's basktball, UCF will not be allowed to participate in the Conference USA basketball tournament.  UCF is scheduled to join the Big East next year.

The Knights were also considered to be one of the front runners in their division in football.  They would not be eligible to play in the CUSA championship game if they have the east's best record.

In addition to the postseason ban, UCF must also vacate three years worth of basketball victories, and their two best players, who will both be seniors this year, are free to transfer without penalty.

Read about the entire penalty by clicking here.