Nittany Lions head coach Joe Paterno has agreed to another three year contract with the PSU administration, according to Fight On State. Joe has long said that he doesn’t need a contract, but now he has one, anyway. This one will give him the reins until 2011, when he turns 85.

FightOnState.com has learned from several university sources that Paterno and Penn State have agreed in principle to a multi-year contract extension that will keep him at the helm of the Nittany Lion football program for at least three more seasons. The sources spoke on the condition of anonymity.

The deal is expected to be signed and announced by the end of the week.

Perhaps no coincidence, Kevin Newsome, a top quarterback recruit out of Virginia, was signed today.