Pinegar will finish his five-year Penn State career as the all-time leader in extra points made.
The junior stepped into a full-time starting role at safety for the Nittany Lions in 2022.
Lee is entering the portal with two years of eligibility remaining.
This is the second consecutive season Parsons has earned the honor.
There were plenty of Nittany Lions who shined for their respective NFL teams this season.
While some fans may sleep on Barney Amor, Penn State's punter would never sleep on you.