The Big Ten Conference issued its own penalties Monday to Penn State, banning the school's football team from appearing in the Big Ten championship game for four years and stating the school won't receive any conference bowl revenue during that same span.
That revenue is estimated to total about $13 million, bringing the grand total Penn State has been fined to $73 million. Earlier Monday, the NCAA announced its own sanctions against Penn State, which included a $60-million fine.
The Big Ten stated that Penn State's share of bowl revenue will be donated to a fund for the protection of children.
The league also publicly censured Penn State for its failure to act in the Jerry Sandusky child sex abuse scandal.
"The accepted findings support the conclusion that our colleagues at Penn State, individuals that we have known and with whom we have worked for many years, have egregiously failed on many levels -- morally, ethically and potentially criminally," read the statement from the Big Ten Council of Presidents and Chancellors.