Penn State has hired Boston University's Patrick Chambers as its next coach. A posting on the website for Boston University confirmed the move late Friday afternoon. "Penn State basketball begins a new era today," Nittany Lions athletic director Tim Curley said in a statement, "and Patrick Chambers ushers in that era with proven success, an appreciation of and commitment to Penn State ideals, and the energy and enthusiasm required to compete at the highest level." Chambers told the AP he signed a five-year deal, but he and a team spokesman said financial terms were confidential. An open records report released last week by Penn State showed former coach Ed DeChellis earned nearly $807,000 in compensation in 2010. Read more: http://sports.espn.go.com/ncb/news/story?id=6623481