Home NCAA Hockey News Penn State Receives $88 Million to Start Hockey Program

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Written by Matthew Coller   
Saturday, 18 September 2010 19:47

Penn State President Graham Spainer announced that the largest
donation in the University’s history, $88 million from Terrence and
Kim Pegula, was given to the school to fund a multi-purpose arena and
establish an NCAA Division I men’s hockey program, according to a
release from the school.
The Pegulas earned their millions (billions?) in the oil and natural
gass industry. Terry Pegula is the founder and former president and
CEO of East Resources Inc.
The new hockey program will be without conference affiliation for its
first two seasons, 2012-13. After that, some, like ProHockey Talk’s
Joe Yerdon expect Penn State to form a conference with other Big Ten
hockey schools including Michigan, Michigan State, Ohio State,
Wisconsin and Minnesota.
The move could have a domino effect. Top teams could be lured by the
Big Ten Network’s money and exposure, which would cripple three of the
teams’ current conference, the CCHA. The other two teams’ conference,
the WCHA, would lose successful programs North Dakota and Minnesota.


Matthew Coller is a staff member of the Business of Sports Network, and is a freelance writer. He can be followed on Twitter

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