Penn State advertisement gets $2

• Heather Dinich, ESPN

  • Senior Citizen WriterAug 26, 2024, 12:25 PM ET Close College football reporter
  • Joined ESPN.com in 2007
  • Graduate of Indiana University

Penn State athletic director Pat Kraft has received a contract extension that runs through June 30, 2032, and will pay him approximately $2.26 million per year over the next eight years, the school revealed Monday.Kraft, who was

going into Year 3 of a five-year offer, will have the opportunity for a performance-based perk of as much as $350,000 each year if he reaches specific objectives, consisting of “for scholastic and competitive excellence,” according to the school.The extension was authorized by the Penn State board of trustees and its committee on equity and human resources. The vote was unanimous.Editor’s Picks “Pat is a remarkable leader who brings important insight and tactical instructions to athletics

and the university, with a concentrate on both athletic and scholastic success for Penn State’s more than 800 student-athletes, “Penn State president Neeli Bendapudi stated in a statement.”This new agreement will assist ensure Penn State continues to gain from Pat’s leadership for years to come. “According to a release, Penn State dealt with seeking advice from company Segal to examine Department I athletic directors’payment across the country and identify a competitive salary.Kraft signed up with Penn State from Boston College in July 2022. Under his leadership, Penn State has actually produced 6 private NCAA champion student-athletes,

19 nationally ranked teams and the nationwide champs in battling in 2023-24. In the 2022-23 season, Penn State taped its highest Learfield Directors ‘Cup surface considering that 2018-19, putting No. 15 in the ranking of school performance throughout sports.Kraft produced a mental health and health department within Penn State athletics and has actually invested significantly in nutrition, psychological health support, healing and travel programs. He led Penn State to a 93 %graduation success rate, consisting of 12 programs with 100 %scores, in the NCAA’s newest report.”I am deeply appreciative to President Bendapudi and the Board of Trustees for their unwavering assistance of our intercollegiate athletics program and our leadership team,” Kraft stated in a declaration.”Penn State is an impressive place

, made so by its amazing people– our gifted student-athletes, dedicated coaches and personnel, enthusiastic advocates and engaged neighborhood members. I am excited for all of us to continue collaborating to elevate Penn State Athletics and the University as a whole. Betsy, our kids, and I feel really blessed to be a part of the Penn State and State College communities, and we can not await what lies ahead.”