Update: NCAA penalties to come Monday

The NCAA has scheduled a news conference Monday to announce "corrective and punitive measures" for Penn State.

NCAA president Mark Emmert and Ed Ray, chair of the NCAA's executive committee and president of Oregon State University president, will address reporters at 9 a.m. Monday at NCAA headquarters in Indianapolis.

A high-level NCAA source tells ESPN.com that Monday's announcement would be "significant," although the source couldn't confirm whether the NCAA and Penn State had reached an agreement on penalties.

Colleague Joe Schad reports that the NCAA's board granted Emmert unprecedented authority to impose penalties rather than going through the normal infractions process. The penalties will be severe, Schad reports, and could include a postseason ban and scholarship losses. While the so-called "death penalty" is unlikely to be imposed, the penalties could be more severe in the long term.

The sanctions aren't self-imposed or negotiated, Schad reports.

Needless to say, this is a highly unusual step in an highly unusual case. Typically, NCAA infractions cases are drawn out, featuring letters, responses and hearings. The only official action taken regarding Penn State and the child sex abuse scandal is a letter Emmert send to Penn State president Rodney Erickson back in November. Erickson said last week he would respond to Emmert within days.

Emmert told PBS last week that major sanctions, including the so-called "death penalty," remain on the table for Penn State. If this is any sort of joint agreement, it makes sense for Penn State to be proactive and not simply let Emmert or the Big Ten drop the hammer.

Much more to come.