Not quite. I’m not sure if you know this, but PSU has an enormous athletic department (one of the biggest in the country) and needs the revenue of 7 home games annually to fund all of their sports.
The B1G plays 9 conference games, so some years PSU will have 5 conference home games, and some years they’ll have 4. This means that some years they need 2 non-conference teams to visit Happy Valley (like last year), and some years they need 3 (like this year). So ultimately, they only have room for 1 non-conference home and home on their schedule.
It’s been mentioned numerous times that if they play a 1:1 with Pitt, they won’t have room for any other P5 teams. And while the portion of our fanbase with ties to Pittsburgh (myself included) would enjoy this, the majority of our fanbase (especially those with no ties to Pittsburgh) absolutely prefers the variety of a rotating home and home with different schools.