Paterno who will turn 82 on December 21St., led the Nittany Lions to a 11-1 record and a trip out to the Rose Bowl to play USC, on January 1St.
Paterno who had to coach in the coaches booth for most of the season, recently underwent a hip replacement surgery after the season ended. He came out of the surgery feeling "great" and felt like he could coach for a few more years.
Paterno has been at Penn St. since 1950, and has been the head coach since 1966. He is the all-time winning coach in college football history, and has had the most undefeated season's in college football history. Along the way Paterno won two national championships including the upset of Miami in the 1987 Fiesta Bowl.
The money arrangements were not discussed, but at least we will have Joe Pa for three more years.
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