Pat Chambers expressed his confidence for the future of his program during his speech at Friday's Board of Trustees meeting.
Four candidates were nominated this year for the three open seats, and alumni voting was open from April 10 to May 3.
Carr will have the opportunity to improve his NBA draft stock at the 2018 NBA Scouting Combine.
The extension was ultimately approved, though many current alumni trustees chose to vote against it or abstain entirely.
A lot can happen when Sam Darnold, Baker Mayfield, Lamar Jackson, and Josh Rosen all leave for the NFL.
McSorley came in at No. 1 in the magazine's rankings of the Big Ten's top quarterbacks after a solid 2017 season.
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