The proposal was struck down after comments from Jay Paterno.
Jones discussed his broadcasting beginnings and the early days of covering Joe Paterno and the Nittany Lions.
O'Brien was Penn State's head coach from 2012-13, going 15-9 in the wake Joe Paterno's firing.
Posluszny was the 26th Nittany Lion named a Hall of Famer.
Though it didn't end the way many had hoped, plenty was going on beyond the field during the blue and white's inaugural appearance in the Peach Bowl.
Collins played for Penn State from 1991-94, leading the team to an undefeated 1994 season.