Sessoms has one year of eligibility remaining following an inconsistent 2021-22 campaign with Penn State.
Sandy Barbour, Penn State's vice president for intercollegiate athletics, will officially retire this summer, according to the university.
Smoove is best known for his roles in HBO's "Curb Your Enthusiasm" and CBS's "The Millers."
The celebration is set to take place on June 17 and 18 following a week's worth of virtual activities.
Two Kentucky men are facing charges for allegedly stealing catalytic converters from State College businesses and Penn State's Office of Physical Plant.
Penn State's game on Wednesday, March 16, will now serve as the squad's home opener.