Tickets for the show will go on sale to the general public at 10 a.m. on July 19.
"The IFC and Panhellenic Executive Boards feel that this decision will result in both a smart and safe remainder of summer break."
McCoy Natatorium will be closed indefinitely due to maintenance and repairs.
The former Penn State superstar beat out Milwaukee Brewers slugger Christian Yelich, Atlanta Hawks star Trae Young, and reigning US Open champ Naomi Osaka for the award.
Talvitie is a little more than six months into his recovery from a torn ACL suffered while competing for Finland the 2019 U-20 World Junior Championship.
