Despite a 1-0 lead for the majority of the match, the Nittany Lions couldn't recover after a Rhode Island penalty kick conversion.
Penn State's defense stayed strong, and the offense cashed in on its opportunities in the second half en route to a 2-0 victory.
Eli Manning made the announcement during a speech while visiting the team's practice Wednesday.
The Nittany Lions have a new group of leaders.
After serving as vice-captains last season, Kuhn and Mangione will officially lead the Nittany Lions this upcoming season.
The trophy is annually given to the National Player of the Year.