By jonathanjones9
July 23, 2012

Beaver Stadium's home team was penalized $73 million by the NCAA and Big Ten on Monday. (Jeff Swensen/Getty Images)

The $13 million in Big Ten bowl revenue Penn State would be due in the next four years will be going to charity instead.

The Big Ten Conference announced Monday the school would not receive its share of the conference bowl revenue in light of the football program's heavy NCAA sanctions.

The Nittany Lions are banned from postseason competition for four years, and that includes competition in the Big Ten Championship should Penn State win its division. Conference schools are due roughly $2 million per year.

Earlier on Monday, the NCAA fined Penn State $60 million, placed the school on five years probation, cut scholarships from 25 to 15 and vacated all wins from 1998-2011.

The bowl shares, like the fine money, will go toward charitable organizations focused on preventing child abuse.

According to the Central Penn Business Journal

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