Here's the announced change and a recap of what happened in prior years.
PSU's share of the money went to charity the last 3 years. This year PSU gets it's share and it goes into the Athletic Dept funds.
Penn State, Big Ten, announce university will receive share of conference bowl money again in 2015
By
Greg Pickel
on February 12, 2015 at 10:35 AM, updated February 12, 2015 at 10:37 AM
The Big Ten conference sent a total of 10 programs to bowl games in 2014, netting
a reported $4.7 million per team before $6 million was added to the pot thanks to Michigan State and Ohio State playing in "New Year Six" bowls.
Penn State will not see any of that revenue money, though, and hasn't for two years due to NCAA and Big Ten sanctions. The NCAA took away (but has since restored) Penn State's bowl eligibility as part of a sanctions package in July 2012 in response to the Jerry Sandusky scandal, while the Big Ten decided to split Penn State's bowl revenue up equally among its other conference members.
That will no longer be the case, though, as the university and conference announced Thursday morning that
Penn State will receive its conference bowl game revenue share again beginning this season. It was approved by The Big Ten and the Council of Presidents/Chancellors Wednesday.
"We are grateful to the Big Ten and the Council of Presidents and Chancellors for their decision to restore Penn State's share of the Conference bowl revenues to the University in the upcoming football season," Penn State President Eric Barron said in a release. "
These funds will help to support our 31 teams and more than 850 student-athletes."
Penn State put its 2012 share toward child abuse and other adolescent causes, and
the Big Ten programs did the same with Penn State's bowl share in 2013 and 2014.
"While we are pleased with the decision, we will not waver in our commitment to prevent child abuse, to maintain our leading compliance and safety programs, and to continue to invest in our teaching and research efforts focused on child abuse prevention and treatment," Barron added.
The entire sanctions package has since been dissolved by the NCAA as part of a settlement with Pennsylvania Sen. Jake Corman, who sued the governing body of college athletics over where fine money associated with the sanctions would be spent.
As part of the settlement, it will stay in Pennsylvania. Penn State had already received its scholarships and bowl eligibility back by then, and in Corman's settlement, the late Joe Paterno regained his title as the winningest FBS coach in history with 409 wins.
Now, Penn State has its conference bowl share back, too.
"We are very appreciative of the decision made by the conference Presidents and Chancellors as these funds are vital to our ability to continue to create the very best conditions for success for our student athletes," Penn State athletic director Sandy Barbour said.
"This is yet another step in allowing today's student athletes all the opportunities they deserve