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Penn State makes lucrative offer to Rhoades to be next coach: report

ALTOONA, Pa. -- Penn State has locked in on a basketball coach and has made a substantial offer, according to a report Tuesday night.

VCU coach Mike Rhoades reportedly has been offered more than $3 million a year by Penn State, which has moved quickly after Micah Shrewsberry departed for Notre Dame.

If Rothstein's report is true, Rhoades could become by far the highest-paid Penn State basketball coach ever. Shrewsberry was believed to be making $2 million a year -- the school doesn't release specific figures -- and it was only about six years ago that Penn State even topped $1 million a year to previous coach Patrick Chambers.