Penn State will once again receive its full bowl revenue share from the Big Ten beginning with the 2015 season, the league confirmed to ESPN.com on Thursday.
The Big Ten's Council of Presidents/Chancellors on Wednesday approved the restoration of Penn State's bowl revenue share. In July 2012, the league sanctioned Penn State with a four-year ban on bowl revenue in conjunction with a four-year postseason ban and other sanctions. The postseason ban was lifted in September and Penn State participated in the New Era Pinstripe Bowl in late December.
"The Big Ten's original bowl fine was based on NCAA actions, most of which have been rescinded over the past six months," the league said in a statement. "As a result, the [Council of Presidents/Chancellors] supported restoration of Penn State's bowl revenue effective with the 2015-16 academic year."
Each Big Ten school is projected to receive $6.6 million from bowl revenue following the 2015 season, deputy commissioner Brad Traviolia said. League members received $2.26 million from bowl revenues in 2012 and $2.75 million in 2013. The revenue share from 2014, the first season of the College Football Playoff, isn't final but is projected to be around $4.6 million.
As part of a settlement finalized last month, the NCAA restored 112 wins it had vacated in imposing the sanctions and invalidated the consent decree Penn State signed in July 2012. Two Pennsylvania state officials had filed a lawsuit against the NCAA surrounding the legality of the consent decree.
Throughout the process, the Big Ten had followed the NCAA's lead on imposing, reducing or eliminating penalties against Penn State. The Big Ten distributes its bowl revenue evenly among its members. Penn State's shares in 2012, 2013 and 2014 were allocated to go to children's advocacy organizations.
"These funds will help to support our 31 teams and more than 850 student-athletes," Penn State president Eric Barron said in a prepared statement. "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."