Penalty hit spun men around (10)
I believe the answer is:
punishment
'penalty' is the definition.
('punishment' can be a synonym of 'penalty')
'hit spun men around' is the wordplay.
'around' indicates an anagram.
'hit'+'spun'+'men'='hitspunmen'
'hitspunmen' anagrammed gives 'PUNISHMENT'.
(Other definitions for punishment that I've seen before include "That may be fine" , "Beating" , "Penalty" , "See 6" , "Sanction" .)