Penn State puts enticing contract offer on the table for possible new head coach

STATE COLLEGE, PA — The Penn State Nittany Lions are in the middle of a program-defining coaching search right now. With that comes high stakes; 12 players are departing the program, there is in-fighting surrounding NIL, and — as we saw with Micah Shrewsberry — Penn State basketball needs a coach that is willing to stick around in Happy Valley in order to build something special instead of using Penn State as a steppingstone to get to another job. Mike Rhoades of VCU fits this mold for Pat Kraft and the university, and on Tuesday, it was announced that the school has offered Rhoades a massive contract.

Sources: Penn State has offered its head coaching vacancy to VCU’s Mike Rhoades, with an annual salary in excess of $3 million dollars.

— Jon Rothstein (@JonRothstein) March 28, 2023

Penn State basketball offers massive contract to Mike Rhoades of VCU

On Tuesday evening, it was announced that Penn State basketball has officially extended a contract to Mike Rhoades of VCU worth over $3,000,000 per season. Rhoades — a proud central Pennsylvania native — has spent the past six years with the VCU Rams and has done a tremendous job with their program. Over the past six seasons, Rhoades has compiled a 129-61 overall record with three NCAA tournament appearances and two A-10 conference titles.

Has has also proved that he can use the transfer portal to acquire talent — recently taking Brandon Johns Jr. from the Michigan Wolverines — which is something he will need to do a lot of with Penn State basketball if he is to accept the job offer.

Over the past few days it has become clear that Penn State University is interested in making Mike Rhoades of VCU its new head basketball coach. The move would make a lot of sense for both parties involved, and the ball is now in Rhoades’ court.

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