Patrick Kraft Signs Contract Extension at Penn State

Penn State Athletic Director Patrick Kraft has signed an eight-year contract extension through June 2032, with an average annual compensation of $2.26 million and potential bonuses up to $350,000. The extension, unanimously approved by the Board of Trustees and the Committee on Equity and Human Resources, underscores the university's commitment to Kraft's leadership. Since joining Penn State in 2022, Kraft has overseen significant achievements, including major philanthropic gifts and successful athletic programs. His tenure includes overseeing the $800 million renovation of Beaver Stadium and achieving new records in philanthropic contributions. Kraft's leadership is praised for focusing on both athletic and academic success, enhancing student-athlete well-being, and fostering strong relationships within the university community.