Big Ten Cuts PSU Out Of Bowl Revenue While Serving Ban
INDIANAPOLIS (AP) - The Big Ten says Penn State will not be allowed to share in the conference's bowl revenues while it is banned from the postseason by the NCAA.
The Big Ten The Big Ten says Penn State will not be allowed to share in the conference's bowl revenues while it is banned from the postseason by the NCAA.
According to a statement from the Big Ten, "Because Penn State will be ineligible for bowl games for the next four years, it will therefore be ineligible to receive its share of Big Ten Conference bowl revenues over those same four years. That money, estimated to be approximately $13 million, will be donated to established charitable organizations in Big Ten communities dedicated to the protection of children."
The Big Ten announced its own sanctions against Penn State about two hours after the NCAA handed down crippling penalties against the Nittany Lions football program.
The sanctions by the governing body of college sports, which capped eight months of turmoil on the central Pennsylvania campus, stopped short of delivering the "death penalty" of shutting down the sport. But the NCAA hit Penn State with $60 million in fines, ordered it out of the postseason for four years, and will cap scholarships at 20 below the normal limit for four years.
The sanctions handed down by the NCAA against Penn State include:
- $60 million fine with the funds going to support nationwide programs for victims of child abuse. The total amount of the fine is equivalent to one year's worth of revenue from the football program.
- PSU will be banned from all playoff and bowl game competition for four years
- Reduction of scholarships for four years
- Student-athletes may transfer to another school immediately and will be allowed to compete this year
- PSU will have all of their wins from 1998-2011 vacated
- PSU will be placed under a five-year probationary period
(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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