Baldwin is the first Nittany Lion to earn Defensive Player of the Year since Josh Reeves in 2019.
This is Baldwin's second straight Defensive Player of the Year honor after earning the distinction in the Atlantic 10 last season.
Per Ian Rapoport, Jones' contract is good for two years and worth up to $18 million.
Gillkin reportedly signed a two-year contract with the Cardinals after spending the 2023 season with Arizona.
Tickets for the event will go on sale at 10 a.m. on Friday, March 13.
The Indian eatery will be housed in the former location of College Pizza.