Finally PSU Board of Trustees make the right move. On SBN:

After several days of revelations surrounding the conduct of coaches and administrative officials at Penn State involved in the Jerry Sandusky scandal, head coach Joe Paterno will not coach another game for the Nittany Lions, reports Jim Gardner. Tom Bradley will serve as interim coach. The Board of Trustees is expected to announce this decision at a 10:00 p.m. ET press conference.

On Wednesday afternoon, Paterno had announced his retirement effective at the end of the 2011 season, but speculation arose shortly after that press conference that the Board of Trustees could still get involved with Paterno. The Board promised a swift investigation into the matter and it appears that Paterno was not able to escape the long arm of the Trustees.

The presser is on ESPN News right  now.

GO BRUINS.

UPDATE (N): Tom Bradley has been appointed interim head coach, replacing Joe Paterno, who was fired Wednesday night. [via Chip Brown].

UPDATE II (N): The presser is on CNN. "The world wide leader" couldn't broadcast more than a cell phone broadcast. LOL

UPDATE III (N): Per our Twitter stream, Paterno was fired on the phone and was not told whether he could go to the game on Saturday. Oh and the presser is now finally on tWWL.

UPDATE IV (N): PSU students chanting ....

UPDATE V (P): SBN's Jason Kirk wrote earlier in the day that rumors surrounding Jerry Sandusky in University Park and in the College Football community were nothing new. As he cited from a Beaver County Times column published last spring, his early and sudden retirement from Penn State, and never taking another job in CFB despite being one of the best regarded coaches in the sport now begins to make more sense. Meanwhile, Joe Paterno has now made a public statement on his firing.

*I am disappointed with the Board of Trustees' decision, but I have to accept it. A tragedy occurred, and we all have to have patience to let the legal process proceed. I appreciate the outpouring of support but want to emphasize that everyone should remain calm and please respect the university, its property and all that we value. I have been incredibly blessed to spend my entire career working with people I love. I am grateful beyond words to all of the coaches, players and staff who have been a part of this program. And to all of our fans and supporters, my family and I will be forever in your debt."

Shameful.