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. Meanwhile, Penn State president Graham Spanier reportedly will be out of his job by the end of Wednesday. The Express Times of Lehigh Valley, citing a source close to the school's board of trustees, reports that Spanier either will resign or be voted out. Tom Ridge, the nation's first Homeland Security Secretary, has been mentioned as Spanier's possible successor. Read more: http://espn.go.com/college-football...e-nittany-lions-joe-paterno-retire-end-season