Don't have any insight on that, but a few possible tangentially relevant items:
In the 2 years after Kraft took over:
PSU Men's BB Spending increased by over 50% (That, obviously, does not address whether or not it was spent on anything useful - or whether it was just "spent". And THAT is critical, of course.)
Recent changes in expenditures, by category, some of the key items:
Expenditures for Coaching Salaries:
More than doubled (largest single expense)
Support Staff Salaries:
More than doubled
Recruiting Expenses:
More than doubled (though it dropped - by around $200,000 - in the last reporting year. Was that an anomaly or a trend? Time will tell)
Overall, the Men's Basketball program has gone from a consistent money-maker (as is the case with all big-time basketball programs) to breaking even, to losing money.
Basically, because revenue has remained flat (approximately 10% increase - less than inflation) while expenses have increased by 60%. PSU has gone from consistently generating a profit (positive cash flow) of about 40% over and above expenses, to losing cash.
What were the root causes? Who was at fault/responsible? Pick your pony.
How does it get turned around? Who knows - but it would be hard to think those currently at the helm have an idea, or they would have already "done it" (One would suppose).
But the current trends/results are that PSU Men's Hoops - right now - has achieved the perfecta of being among the worst performers on the court AND being able to not make money out of what should be (and has been) a consistent ATM machine program.
Most of that info can be found here (within each year's reports):
Financial Reports - Penn State - Official Athletics Website