Penn State's firing of James Franklin will be remembered for years, with a near-$50 million buyout, the second largest on record.
Franklin's departure comes after a record-fast fall from near-peak to valley, with losses to UCLA and Northwestern, making the Nittany Lions the first team in a generation to lose consecutive games as 20-plus point favorites.
"This was not a 3-game thing,"
said AD Pat Kraft, outlining the reasons behind Franklin's firing, including his 1-18 record against Big Ten top-10 teams.
Penn State is now looking for a new head coach, with Kraft outlining what he's looking for in the search.
Author's summary: Penn State seeks new coach.