Barkley is nominated for the award alongside Baker Mayfield, Nick Chubb, Phillip Lindsay, and Darius Leonard.
Sanders will forego his final season of NCAA eligibility in favor of the NFL Draft.
Givens is the fourth Penn State player to choose to skip his final year of eligibility in favor of the 2019 NFL Draft.
Darien will transfer away from Penn State to be closer to his family.
Bates joined fellow starter Connor McGovern as the second Penn State offensive lineman to declare for the NFL Draft on Wednesday.
McGovern, an all-Big Ten lineman for the Nittany Lions, will head to the NFL.