Big Ten restores Penn State's bowl revenue a year early
Penn State will receive its full share of Big Ten bowl revenue from the 2014-15 season, the school announced.
The Big Ten originally voted in February to end PSU’s bowl revenue ban, which stemmed from the NCAA sanctions from the Jerry Sandusky scandal, for the 2015-16 season. However, on Sunday, the Big Ten Council of Presidents and Chancellors decided to provide the Nittany Lions with their share – approximately $4.5 million – from 2014-15.
Penn State beat Boston College in December's Pinstripe Bowl.
"I am obviously very pleased to report that the council agreed to provide us with our full share of the bowl revenue," said Penn State President Eric Barron. “This money is used to support student-athletes and our programs, and some things have been delayed due to the ban. Obviously, it is much needed and welcome. I thank my fellow presidents.”
The Big Ten’s share of bowl revenue is divided evenly among the league’s 14 members.
During its ban from 2012-14, Penn State’s share of bowl money was divided among the league’s other members and used to help various child and sexual abuse organizations. Additionally, Penn State donated its $2.6 million in 2011 bowl revenue to charity.
In total, according to the Pittsburgh Post-Gazette, Penn State lost $12.25 million as a result of the revenue ban.
For more Penn State news, visit BlueWhiteIllustrated.com.
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