What to Know about Patrick Kraft, Penn State's New Athletic Director

What to Know about Patrick Kraft, Penn State’s New Athletic Director

Penn State has named Patrick Kraft as its new athletic director, bringing the former Boston College and Temple administrator to run a $165 million department that could be in the market for a new football stadium soon.

The Compensation Subcommittee of Penn State’s Board of Trustees approved Kraft’s hiring Friday. He will replace Sandy Barbour, who is retiring after eight years as athletic director. Kraft’s five-year term begins July 1.

According to his term sheet, Kraft will make an annual base salary of $750,000 with additional compensation starting at $500,000 this year and reaching $660,000 in his final year. Among the contract’s incentives, Kraft will receive $50,000 if Penn State wins the men or women’s basketball teams play in the NCAA Final Four or a New Year’s Six bowl game; $50,000 if Penn State wins the Learfield Directors’ Cup; and $100,000 if Penn State plays in a College Football Playoff semifinal game.

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