Two Penn State trustees release a statement responding to "rumors and misinformation" about the athletic department's apparel deal with adidas.

The school and the brand publicly defended their 10-year deal Saturday. The post Penn State, Adidas Deny Wrongdoing Around $300M Apparel Deal appeared first on Front Office Sports.

David Kleppinger, chair of Penn State's Board of Trustees, and vice chair Rick Sokolov signed the statement, which referenced "false rumors" and called a suggestion that Kraft acted irresponsibly in negotiating the deal "reprehensible." Penn State posted the statement on its website after Saturday's loss at Beaver Stadium.

If the reports are accurate, the Penn State-Adidas agreement will be for 10 years and $100 million. It’s very similar to the deal that Tennessee announced last month with Adidas, which includes “unprecedented” NIL opportunities for athletes in all of the Vols’ sports.

In February, Penn State president Neeli Bendapudi announced plans to consider shuttering as many as a dozen of the 19 campuses in the university’s commonwealth system. All four of the branch

After decommitting from Penn State following James Franklin’s firing, five-star RB Kemon Spell named Georgia, USC, Notre Dame, and five other powerhouses among his top schools. Five-star running back Kemon Spell decommitted, citing Franklin’s departure: “Just sucks to see him leave.”

As universities have shuffled apparel deals this offseason, including Georgia Tech agreeing to leave Adidas for Under Armour, and a pair of Nike schools — Penn State and Tennessee — that are now three stripes bound,

Penn State was ranked as high as No. 2 in preseason polls but enters this weekend’s game 3-3 (0-3 Big Ten), meaning they’re off to the worst start by a preseason top-2 team since 1964. Associate head coach Terry Smith will take over as interim head coach moving forward.