New Delhi, Oct. 13 -- Penn State stunned the college football world by announcing the dismissal of head coach James Franklin after 12 seasons, a decision that comes with a hefty $49 million buyout, the second-largest in college football history. The move, revealed on Sunday, (October 12, 2025), follows a string of disappointing performances that culminated in back-to-back losses, prompting chants of "Fire Franklin!" from fans at Beaver Stadium.

Associate head coach Terry Smith will step in as interim head coach for the remainder of the season.

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