Penn State coach James Franklin says his football team appreciates that they'll have a chance to play a bowl game this season.
The NCAA lifted the rest of the sanctions placed on Penn State for the Jerry Sandusky scandal, including immediately eliminating the postseason ban.
Penn State was halfway through a four-year postseason ban handed down during the summer of 2012. Penn State also will be allowed to have the full complement of football scholarships in 2015.
Franklin said Tuesday there are 49 players who could have left when the sanctions hit. They were all given a standing ovation at a team meeting Monday night.
Penn State students turned campus into the site of a peaceful and jubilant celebration after the lifting was announced.