McKenna will appear in the Pennsylvania Court of Common Please on April 8.
It's a four-year, $100 million contract with $68 million guaranteed.
Penn State will head into the Big Ten Tournament in its lowest positioning of the season.
Back-to-back bird teams for the former star wideout.
Stout's average annual salary of $4.1 million is a record for punters.
The Nittany Lions head into the NCAA Tournament as the No. 3 team in the country.