Following the NCAA's lead, the Big Ten has made a tacit admission that it rushed to judgment to punish Penn State following the release of the Freeh Report in 2012.
Oh, nobody from the conference will go on record saying as much. But Sunday's actions spoke more loudly than words.
At meetings in Chicago, the Big Ten Council of Presidents and Chancellors voted to eliminate the ban on Penn State receiving a share of the conference's annual bowl money. It is retroactive to last season.
So PSU will be getting a check for $4.5 million.
The Big Ten's ban was supposed to cover four seasons, which was in line with the NCAA's original postseason ban against Penn State. But the NCAA lifted its postseason ban last year, allowing the Lions to play in the Pinstripe Bowl (where they beat Boston College).
Earlier this year, all remaining NCAA sanctions against PSU stemming from the Sandusky scandal were lifted.
Interestingly enough, Penn State did not send out a press release on the news, but rather simply posted it on its athletics website. Here is what it said:
During a review of bowl games and revenues, the Big Ten Council of Presidents and Chancellors decided (June 7) 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. "This money is used to support student-athletes and our programs, and some things have been delayed due to the ban. Obviously, it is much needed and welcome. I thank my fellow presidents."
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, today's 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 where it was used to help local child and sexual abuse organizations.