Penn State Bowl-Eligible, Will Have All Scholarships Returned in 2015-16

Penn State is out on parole, y'all:

Due to Penn States progress in ensuring athletics dept functions with integrity, NCAA immediately restores football postseason eligibility.

— Inside the NCAA (@InsidetheNCAA) September 8, 2014

The NCAA has also returned all 85 football scholarships to Penn State, beginning in 2015-16. Read more: http://t.co/Z9k4lwu3VT

— Inside the NCAA (@InsidetheNCAA) September 8, 2014

This could be the biggest Nittany Lions win since Joe Paterno went tits up.

Here's the Big Ten's official statement, in its entirety:

Rosemont, Ill. – The Big Ten Conference, through its Council of Presidents and Chancellors (COPC), has agreed today to restore Penn State’s eligibility for the Big Ten Football Championship Game. The agreement follows the announcement today, by the NCAA, to further modify sanctions set forth in the Consent Decree entered into with Penn State on July 23, 2012, including the elimination of Penn State’s postseason football ban, effective immediately, and the restoration of its full complement of football scholarships beginning with the 2015-16 academic year.  As a result of the announcement, based strongly on recommendations by Independent Athletics Integrity Monitor Senator George Mitchell, Penn State will be eligible to compete in both the Big Ten Football Championship Game and a bowl game, beginning with the current season.

The $60 million fine, vacation of wins from 1998-2011, Athletics Integrity Agreement (AIA), and five-year probation initially imposed by the NCAA will remain in effect, as will the official censure, five-year probation and monetary fine equal to Penn State’s Big Ten bowl revenue share during the probationary period initially imposed by the Big Ten COPC.

The NCAA’s decision to modify the Consent Decree was based on recommendations by Senator Mitchell, who has been serving since August 2012 as the independent Athletics Integrity Monitor responsible for overseeing Penn State’s implementation of the reforms set forth in the AIA.  The AIA was entered into on August 29, 2012, by the NCAA, the Big Ten and Penn State as one of the requirements of the Consent Decree.

As a party to the AIA, the Big Ten COPC met with Senator Mitchell on Monday, September 8, and received his report on Penn State’s progress. Senator Mitchell's briefing included a recommendation that the NCAA reduce the postseason ban effective immediately and restore full scholarship availability beginning with the 2015-16 academic year. Mitchell’s recommendation was based on the significant progress Penn State has continually made in its compliance and reform efforts over the last two years and focused exclusively on NCAA penalties that directly impacted student-athletes.

"Following our briefing with Senator Mitchell, the COPC reached consensus agreement to support his latest recommendation and also agreed to restore the school’s eligibility for the Big Ten Football Championship Game, which ran concurrently with the NCAA postseason bowl ban” said COPC Chair and Iowa President Sally Mason.  "We support the NCAA announcement acting on that recommendation, thank Senator Mitchell for his dedicated service and appreciate Penn State’s ongoing commitment to improvement."