Matt Rhule will not be the next Penn State football coach.
The 50-year-old coach has signed a two-year extension with Nebraska that adds a $15 million buyout for this year and basically removes his name from any open job on the market.
News: Matt Rhule is staying at Nebraska, sources confirm to @NBCSports. He has agreed to a two-year contract extension (through 2032) — same base pay + big CFP incentives in the deal.
There's a $15 million buyout if he were to leave this year. So, cross him off for Penn State.