Penn State Is Giving President Eric Barron 3 More Years At The Helm

05.07.18 | Terry Diener

The Penn State board has voted to extend Baron's contract on existing terms through 2022.

That supplants a contract that was scheduled to end in June 2019. Barron.who became president in 2014, will be eligible for annual reviews to determine if his $834,000 salary will be increased.

He's also in line to collect $800,000 worth of a "completion payment" and he can earn a second such payment if he remains in the position through 2022.