The Big 10 conference will not pay Penn State’s its ~$13 million cut in bowl revenue over the next four years, according to StateCollege.com’s Ben Jones.Instead, the money will go to child abuse prevention organisations.
Penn State is ineligible for the conference title game due to sanctions handed down by the NCAA this morning.
Combined with the NCAA’s fine, Penn State has lost $73 million this morning.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.