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BREAKING: Paterno Will Retire At End Of Season

Updated Nov. 9, 2011 at 9:53 a.m. CT

STATE COLLEGE, Pa. (AP) — Penn State football coach Joe Paterno has decided to retire at the end of the season, his long career brought down by his failure to do more about an allegation of child sex abuse against a former assistant.

Paterno said in a statement Wednesday he is "absolutely devastated" by the developments in the case of Jerry Sandusky, a former defensive coordinator accused of molesting eight boys over 15 years.

More Coverage:
Read: Statement From Joe Paterno On Retiring
Hoge: If True, Big Ten Should Kick Penn State Out
Baffoe: Paterno Shattered A Dream By Contributing To A Nightmare
DiNardo: Everyone Involved Must Pay
Wisch: I Think Paterno Knew More
About The Scandal

Paterno says the board of trustees should "not spend a single minute discussing my status. They have far more important matters to address."

"This is a tragedy," Paterno says. "It is one of the great sorrows of my life. With the benefit of hindsight, I wish I had done more."

Copyright 2011 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.

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