Attorneys for Spanier blasted the review, calling it a "blundering, indefensible indictment" and "a flat-out distortion of facts" that was "infused with bias and innuendo."
In July, the NCAA imposed sanctions against Penn State, including a $60 million fine, scholarship reductions, the vacating of 112 wins of the football team, five years' probation and a bowl ban for four years.
After the sentencing decision was announced, the university's president released a statement.
"Our thoughts today, as they have been for the last year, go out to the victims of Jerry Sandusky's abuse," Penn State President Rodney Erickson said. "While today's sentence cannot erase what has happened, hopefully it will provide comfort to those affected by these horrible events and help them continue down the road to recovery."