The Big Ten will subtract an estimated $13 million in league bowl revenue shares from Penn State for the next four years.
The conference announced the forfeiture of bowl revenue, which will be donated to Big Ten regional charities dedicated to the protection of children.
Penn State will not be eligible for the conference title game for four years, confirming the NCAA postseason ban which also includes bowl games.
NCAA president Dr. Mark Emmert earlier Monday announced sanctions including a $60 million fine, reduction in scholarships and the establishment of several compliance-based programs designed to "establish a change in culture" at Penn State.
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