STATE COLLEGE, PA (Metro Source) - The statue that has stood in front of Beaver Stadium honoring former Penn State football coach Joe Paterno is gone.

Police and a construction crew arrived on campus shortly after dawn Sunday morning and removed the statue.

Penn State president Rodney Erickson said in a statement he believed if the statue were to remain in place, it would be a, "recurring wound to the multitude of individuals across the nation and beyond who have been the victims of child abuse."

The removal of Paterno's statue is the latest fallout from the Jerry Sandusky child sex abuse scandal. The former Penn State assistant football coach is awaiting sentencing on dozens of sex abuse charges.

Meantime, CBS News is reporting the NCAA will announce "unprecedented" penalties against both the Penn State football team and the school Monday.

The NCAA has a press conference scheduled for 9 a.m. Monday in Indianapolis.

One source told CBS News' Armen Keteyian, "I've never seen anything like it."