New Athletic Director's Manual - Penn State University 2025

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Kraft, who took over for Sandy Barbour as athletic director in 2022, is set to make an average of $2.26 million annually in guaranteed compensation over the eight years, with the opportunity for an additional performance-based bonus of up to $350,000 per year.
Patrick Kraft Current position Title Athletic director Team Penn State Conference Big Ten Biographical details10 more rows
Penn State athletic director Pat Kraft has received a contract extension that runs through June 30, 2032, and will pay him an average of $2.26 million per year over the next eight years, the school announced Monday.
The university board of trustees today approved an extension for Kraft that will run through June 30, 2032. The contract was approved via unanimous vote, ing to a university news release. Krafts average yearly guaranteed compensation value will be $2.26 million.
Patrick Kraft. An accomplished administrator, Dr. Patrick Kraft began his tenure as the Vice President for Intercollegiate Athletics at Penn State on July 1, 2022. Kraft came to Penn State after serving two years as the director of athletics at Boston College.
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Penn State Athletics reported $220.7 million in operating revenue and $215.1 million in expenses, for a net profit of $5.6 million.
Penn State is one of the top athletic brands in the country as well, especially when it comes to football. The Nittany Lions are known as one of the top college football programs of all time, consistently finishing among the nations top 10 teams and winning major bowl games (etc.).

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