Posted: Monday July 23, 2012 11:21AM ; Updated: Monday July 23, 2012 11:21AM

Big Ten: Penn State not allowed to share in league bowl revenues

Story Highlights

The Big Ten won't allow Penn State to share in the conference's bowl revenues

The conference announced its own sanctions against PSU two hours after NCAA

NCAA sanctions include a $60M fine, scholarship losses and a four-year bowl ban

INDIANAPOLIS (AP) -- The Big Ten says Penn State will not be allowed to share in the conference's bowl revenues while it is banned from the postseason by the NCAA.

The Big Ten announced its own sanctions against Penn State about two hours after the NCAA handed down crippling penalties against the Nittany Lions football program.

The sanctions by the governing body of college sports, which capped eight months of turmoil on the central Pennsylvania campus, stopped short of delivering the "death penalty" of shutting down the sport. But the NCAA hit Penn State with $60 million in fines, ordered it out of the postseason for four years, and will cap scholarships at 20 below the normal limit for four years.