Penn State's Joe Paterno to retire

STATE COLLEGE, Pa. (ESPN.com) - Penn State football coach Joe Paterno will retire at the end of the season, his long and illustrious career brought down because he failed to do all he could about an allegation of child sex abuse against a former assistant.

"I am absolutely devastated by the developments in this case. I grieve for the children and their families, and I pray for their comfort and relief," Paterno said in a statement released just after initial reports of his pending retirement.

"I have come to work every day for the last 61 years with one clear goal in mind: To serve the best interests of this university and the young men who have been entrusted to my care. I have the same goal today.

"That's why I have decided to announce my retirement effective at the end of this season. At this moment the Board of Trustees should not spend a single minute discussing my status. They have far more important matters to address. I want to make this as easy for them as I possibly can.