Quote from different article than link:
Here is a point-by-point list of the penalties:
The Saints are fined $500,000. In addition, because the violation involves a competitive rule, the Saints will forfeit their selections in the second round of the 2012 and 2013 NFL drafts.
Saints coach Sean Payton is suspended without pay for the 2012 NFL season, effective April 1.
Saints general manager Mickey Loomis is suspended without pay for the first eight regular-season games of the 2012 season.
Former Saints (and current St. Louis Rams) defensive coordinator Gregg Williams is suspended indefinitely from the NFL, effective immediately. Commissioner Goodell will review Williams’ status at the conclusion of the 2012 season and consider whether to reinstate him, and, if so, on what terms. Commissioner Goodell said he will give close attention to the extent to which Williams cooperates with the NFL in any further proceedings.
Saints assistant coach Joe Vitt is suspended without pay for the first six regular-season games of the 2012 season.
The Saints and the individuals disciplined today are expected to participate in efforts led by the league office to develop programs that will instruct players and coaches at all levels of the game on the need for respect for the game and those who participate in it, on principles of fair play, safety and sportsmanship, and to ensure that bounties will not be part of football at any level.
The league also said the involvement of players in the bounty program remain under investigation and Goodell will address possible discipline at a later date.