Kerkvliet is set to return for his sixth and final year of NCAA eligibility.
"I was offered a big pay day too," Starocci wrote on Twitter. "I said go wipe your ass with that money. When it comes to money people switch like the weather. Not me."
Taylor wrestled for Penn State from 2009-14 and amassed a 134-3 record.
"With one year of eligibility left, I want to end my collegiate career on my terms. Healthy, in style, and in a dominant fashion."
Barraclough is the first reported Nittany Lion to enter the portal this offseason.
Wrestling fans had the opportunity to attend a free fan fest on Friday and Saturday across the street at Pegula Ice Arena.