Penn State has fired longtime head coach James Franklin, the school announced Sunday.
Franklin’s buyout is more than $48 million, according to On3’s Pete Nakos. He was under contract through the 2031 season after signing a 10-year extension in ’21.
The 53-year-old built a competitive team after joining Penn State in 2014. He leaves the program with a 104-45 record highlighted by a Big Ten title in 2016. The Nittany Lions, who began this year’s campaign as the nation’s second-ranked team, made the College Football Playoff last season and beat SMU and Boise State before losing to Notre Dame in the semifinal.