Shortly after the Penn State Board of Trustees voted in favor of approving a contract for Mike Rhoades to become the next head basketball coach of the Nittany Lions, Penn State officially announced the hiring of the former VCU head coach. After reports suggested Penn State was willing to pay around $4 million per year for its next head coach following the departure of Micah Shrewsberry, the school officially backed that report up with a solid contract that provides a structure for sustained success and leadership for more than a couple of years.
So how much is Penn State paying Rhoades to be the head coach? Let’s dig into the numbers a bit to see the breakdown.