Big Ten Commissioner Jim Delany has weighed in on the NCAA’s decision to reduce Penn State’s sanctions to USA Today Sports. In the statement, Delany outlined much of what the conference already announced earlier today, and weighed in on the reasoning behind Penn State’s sanction adjustment. Delany did however state that the reduction isn’t an assessment of the original penalty.

Delany’s full statement can be seen below:

“I don’t think this is an assessment of the original penalty as much as it’s an assessment of the desire to change program’s policies, make adjustments to conduct and behavior. There’s a belief that a lot of that has occurred, and therefore the penalty should be modified. The financial penalty that we imposed is not going to change, but we needed to really change the access to the championship game if they’re eligible for postseason play. They could win their division. If they’re eligible for the postseason, they should certainly be eligible for our championship. Keep in mind that there are other penalties that are still in effect — the Big Ten’s penalty on bowl receipts is still in effect. That means that money is intended to go to organizations in our communities that serve the needs and health of youths. The NCAA $60 million penalty is still in litigation. Our penalty, which is probationary, is I think two more years. Some of the penalties have been modified; others have not.”

The Big Ten also announced that Penn State would continue to lose its share of bowl revenue earned by the league as part of the final remaining sanctions. Penn State will be eligible to collect bowl revenue in 2016. The estimated bowl renevue each year is around $16 million per team, according to ESPN’s Adam Rittenberg.