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Big 10 censures PSU, fines them 13 million (Bowl revenue loss)

  • This post has been edited 2 times, most recently by JackmanUSC on 7/23/2012 at 10:00 AM

    Big Ten Council of Presidents and Chancellors Statement on Penn State - BIG TEN CONFERENCE Official Athletic Site

    Big Ten Council of Presidents and Chancellors Statement on Penn State University.

    www.bigten.org
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    JackmanUSC

  • Word from many place is that they no longer have a home in the Big 10. It will be very interesting to see if this is indeed the case as not only will they lose the scholarships but they will lose the Big 10 funds that I am sure they were counting on handing over the the NCAA to cover the 60 million. It appears that the Big 10 does not want their funds used to play for PSU's issues. Can't say that I blame them.

    USCManager

  • Surely they would not get kicked out of the Big 10, right?

    Do ya'll think that is possible?

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    Ally will beat the crap out of Uga.

    steve miller

  • steve miller said...

    Surely they would not get kicked out of the Big 10, right?

    Do ya'll think that is possible?

    Given the punishment they were given they will become an irrelevant program with D-II talent. What are the benefits of keeping them at this point? They bring very little in other sports. The Big10 then could lure ND into the conference at PSU's expense.

    USCManager

  • USCManager said...

    Given the punishment they were given they will become an irrelevant program with D-II talent. What are the benefits of keeping them at this point? They bring very little in other sports. The Big10 then could lure ND into the conference at PSU's expense.

    I hear Dabo has already announced that Clemson will not be joining the Big 10.

    signature image

    Boogity8

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    Each day, I grab a piece of grass and smell it, and I just thank God for the opportunity to play football and go to school. -Tori Gurley

    GarnetIncarnate

  • bump for update

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    JackmanUSC

  • So they get to stay but lose the money. That brings the total to 73 million in lost revenues. They will now become the whipping boy and automatic win for Big 10 programs. They still get credit for the conference game but get to beat a D-II squad.

    USCManager

  • USCManager said...

    So they get to stay but lose the money. That brings the total to 73 million in lost revenues. They will now become the whipping boy and automatic win for Big 10 programs. They still get credit for the conference game but get to beat a D-II squad.

    Its actually 13 per year for four years (Total years in the Bowl Ban) so add another 52 million and it is 112 million lost

    jmt0387

  • jmt0387 said...

    Its actually 13 per year for four years (Total years in the Bowl Ban) so add another 52 million and it is 112 million lost

    Wow, you are right. I totally missed that. This is a program killer.

    USCManager

  • steve miller said...

    Surely they would not get kicked out of the Big 10, right?

    Do ya'll think that is possible?

    It is possible, but IMO highly unlikely.

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    ‎"We played in a place called DeathValley, I looked up in the fourth quarter & the only ones still alive were the Gamecocks." Steve Spurrier

    Timeport

  • jmt0387 said...

    Its actually 13 per year for four years (Total years in the Bowl Ban) so add another 52 million and it is 112 million lost

    No.

    "it will therefore be ineligible to receive its share of Big Ten Conference bowl revenues over those same four years. That money, estimated to be approximately $13 million, will be donated to established charitable organizations in Big Ten communities dedicated to the protection of children."

    Says "that money," which refers to the bowl revenues over the course of 4 years, is "estimated to be approximately $13 million..."

    So it is $13 million total, not $52 million.

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    JackmanUSC

  • USCManager said...

    So they get to stay but lose the money. That brings the total to 73 million in lost revenues. They will now become the whipping boy and automatic win for Big 10 programs. They still get credit for the conference game but get to beat a D-II squad.


    The civil / class action suits will be large as well.

    Are there three more folks from PSU that will be indicted sooner than later?

    This is just the tip...

    garnet stats

  • JackmanUSC said...

    No.

    "it will therefore be ineligible to receive its share of Big Ten Conference bowl revenues over those same four years. That money, estimated to be approximately $13 million, will be donated to established charitable organizations in Big Ten communities dedicated to the protection of children."

    Says "that money," which refers to the bowl revenues over the course of 4 years, is "estimated to be approximately $13 million..."

    So it is $13 million total, not $52 million.

    It's 13 mil per year, right?

    Don't we get at least that per year from the SEC from bowls?

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    Ally will beat the crap out of Uga.

    steve miller

  • steve miller said...

    It's 13 mil per year, right?

    Don't we get at least that per year from the SEC from bowls?

    No, 13 mil total

    #TeamDylan #BenchShaw

    Pat_Bateman

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