Penn State Banned From Big Ten Championship Four Years, Loses Bowl Revenue Split
July 23 / Evan Sporer / SportsGrid
On the heels of Mark Emmert announcing the NCAA's crushing sanctions toward Penn State, the Big Ten also announced how it will punish the Nittany Lions. Although not as immediately jarring as the litany of bans and lost scholarships that will follow the program around like a plague for the next few years, the Big Ten's punishments add more hurt to an area that already took a beating this morning: Penn State's wallet.
The conference released a statement this morning announcing that Penn State will be banned from its conference championship game for the next four years, and the revenue share the school was set to receive from a Big Ten Bowl will be donated to charity during that same time period. In total, Penn State will lose about $13 million over the next four years as a result of the Big Ten's decision. When you add that to the $60 million the NCAA is fining the school, Penn State will pay out about $73 million over the next four years. That's just over $18 million per year.
Big Ten issues statement. New penalty: Penn State won't get Big Ten bowl revenue over next four years, estimated $13 million.
With the announcement of Penn State's reduction of scholarships, to allowing Penn State players to immediately transfer, and loosing that process to make it easier for them to do so, odds are the school would not have been in position to play for a Big Ten title or in a bowl game in the next four years anyway. Still: the school would've gotten a cut of from the Big Ten bowl revenue pot (that $13 million figure), and it only adds to their growing financial headache.