Complex sentence: Penn State has a longstanding rivalry with Pittsburgh of the ACC, but the two schools did not meet from 2000 until renewing the rivalry with an alternating home-and-home series from 2016 to 2019.
Split into simpler sentences: Penn State has a longstanding rivalry with Pittsburgh of the ACC, but the two schools have not met since 2000. Pittsburgh rivalry will be renewed with an alternating home-and-home series from 2016 to 2019.