* As of 9:00 EST on Sunday, the Joe Paterno statue HAS been removed from Beaver Stadium in Happy Valley, PA. The NCAA also announced that on Monday morning, they will hand out unprecedented punishment to the University and the football program. Stay tuned..*

It was being reported Friday morning that Penn State has plans to remove the Joe Paterno statue that resides on campus in Happy Valley, PA. As of right now, only one source has reported it via twitter, Kimberly Jones with the NFL Network.

It was just last week that the school released a statement saying that they have taken no action (vote or decision) in regards to removing the statue. Earlier this week a plane flew over Penn State with a banner that may changed their tune. The banner read: “Take the statue down, or we will.”

The sculptor of the life-size Paterno statue wants the University to wait before making any final decisions on whether or not to remove it. “I think we should all wait on it. Put a cover on it,” Angelo Di Maria said. ‘”Let’s see how everyone feels in six months or a year.”

If the speculation is true, the wait is over. The statue was a place of gathering last year for Penn State students and fans outside of Beaver Stadium during the climax of the Sandusky happenings and then again after Paterno’s death.

Will update the article once official word comes out of Happy Valley.