The Nittany Lions gave up a two-goal lead with under four minutes remaining in the third period.
Seth Lundy's 18 points and John Harrar's fifth double-double of the season were not enough to beat the Spartans.
Wisconsin entered the game with a seven-game winless streak.
The bobblehead is part of the Hall's "Framed Jersey" series and costs $40, plus $8 for shipping.
The Lady Lions managed to work through a classic Big Ten battle against the Scarlet Knights in their first conference win of the season.
As one of the 30 honorees in the sports division of the recognition, Howett appeared thanks to her rapid expansion of Shenango's athletic program.