Hours after the NCAA took a swipe at Penn State, handing down long list of sanctions, the Big Ten Conference announced a series of punishments for the school as well. The sanctions leveled by the conference will be felt the most on the school's bottom line.

The conference announced that it will also institute a bowl ban on the Penn State program for four years. That will also include a ban on conference championships in the Big Ten. Penn State will also lose approximately $13 million per year from the Big Ten bowl money during that same four-year period. That money will go to charitable programs.

The Big Ten is also considering a measure to allow players from the Nittany Lions to transfer within the conference.

Jim Delany said that B1G is leaning toward allowing Penn State players to transfer within conference.

— Ben Jones (@Ben_Jones88) July 23, 2012

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