Penn State losing millions in Big Ten bowl revenue

State College - Centre Daily TimesJuly 23, 2012 

072412NCAA10

Penn State student Laura Lovins reacts to the announcement of the NCAA sanctions, Monday, July 23, 2012. A large group of people gathered in front of a televison in the HUB building on the Penn State University campus, in State College, Pa., to watch the announcement. Centre Daily Times/Nabil K. Mark

— The Penn State football program will not be able to share in the Big Ten’s bowl revenue, the Big Ten Council of Presidents and Chancellors announced on Monday.

The loss of the conference’s bowl revenue was part of four sanctions levied by the conference, just hours after the program was hit by severe NCAA sanctions.

The conference estimates Penn State will lose approximately $13 million in bowl revenue. That money will be donated to charitable organizations in Big Ten communities that are dedicated to the protection of children.

In addition, the conference officially censured the university and placed it on five years of probation.

In accordance with the NCAA’s sanction of a four-year ban from bowl appearances, the Big Ten has made Penn State ineligible to participate in the Big Ten championship game for four seasons.

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