Paterno to Retire at Season's End

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.

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."