Getting back to the OP's question. There is no way that the sanctions don't affect other teams. The school, which has been facing funding challenges from the state for the last few years, is now faced with paying about 15 million per year for 4 years. That would probably have come directly from the school's share of BCS/Bowl revenue. But then the B10 came down and said the school also won't receive bowl revenue for that period.
The academic side is likely going to pay for that, which means any student or athlete on partial or no scholarship will see a tuition increase. What they should be doing is drastically cutting the football budget but that probably won't happen.
The sanctions only last 4 years but the effect on the football team could last a decade or more. The bowl ban will make it hard to be competitive in recruiting. The reduced scholarships mean they won't be competitive on the field. That means lower interest for TV, at least after the curiosity wears off this fall. All of that lost money will catch up with other sports in terms of the pace of upgrading facilities, resources, and maybe even scholarship availability or funding.
Hopefully PSU will reset their priorities so students and innocent kids don't get hurt by the unhealthy emphasis on football.