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Penn State Sanctions: Big Ten Takes Away Bowl Money

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.

For more on Penn State athletics, head over to Black Shoe Diaries. For more on everything surrounding the Penn State scandal, stick with our StoryStream.

Photographs by dizfunk used in background montage under Creative Commons. Thank you.