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Penn State will receive bowl money

UNIVERSITY PARK – During a review of bowl games and revenues, the Big Ten Council of Presidents and Chancellors recently decided to provide a full share of the 2014-15 Big Ten football bowl revenues to Penn State, providing the Nittany Lions with approximately $4.5 million in unanticipated funds.

Penn State defeated Boston College in the New Era Pinstripe Bowl in December.

“I am obviously very pleased to report that the council agreed to provide us with our full share of the bowl revenue,” said Penn State President Eric Barron, who attended the meeting in Chicago.

Penn State was under a four-year ban on sharing revenues. In February, the council voted to end the ban early and Penn State was slated to play one more season without receiving a share of the conference’s bowl revenue.

However, the vote ends the revenue-sharing ban altogether. The University is now eligible for a full share of bowl revenue, which is divided evenly among the conference’s members.

During the revenue ban from 2012-2014, Penn State’s bowl money was split among the conference’s other schools.

– From Mirror reports

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