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Penn State Football: Big Ten Vote Ends Bowl Revenue Ban Early

by on June 07, 2015 4:25 PM

Good news broke Sunday afternoon for Penn State athletics as the Big Ten Council of Presidents and Chancellors announced the decision to provide a full share of the 2014-15 Big Ten football bowl revenues to Penn State. The decision will result in the addition of roughly $4.5 million in unexpected funds.

Penn State defeated Boston College in the New Era Pinstripe Bowl in December but has not received a bowl revenue share since the Jerry Sandusky scandal, forfeiting the 2011 revenue share voluntarily.

"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."

Prior to Sunday's news Penn State had been under a four-year ban on bowl revenues put in place by the conference. Earlier this February, the council voted to end the ban early. Even so, the university was still slated to play one more season without receiving a share of the conference’s bowl revenue.

Penn State is now eligible for a full share of bowl revenue, which is divided evenly among the conference's members.

During the revenue ban from 2012-2014, Penn State's bowl money was split among the conference's other schools where it was used to help local child and sexual abuse organizations.

 

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Ben Jones covers Penn State football and basketball for StateCollege.com. He's on Twitter as @Ben_Jones88.
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