The honor is awarded annually to the best defensive end in college football.
Council allocated a total of $200,000 to three separate initiatives.
State College Police Chief John Gardner announced the conclusion and findings of the internal review at a State College Borough Council meeting Monday evening.
Penn State earned a ranking in the preseason AP Top 25 poll for the third consecutive season.
No reason was given in the notice dismissal.
Penn State ranked just outside the top 100 in this year's Forbes' list of the top colleges in the United States.