Matt Rhule is out of the running for Penn State's coaching job as he's reportedly being given a multi-year contract extension at the University of Nebraska.

Rhule, a Penn State alum, was a popular name being thrown around as a possible replacement in Happy Valley after James Franklin was fired.

Despite all the speculation of a possible return to Pennsylvania, a reunion between Rhule and the Nittany Lions seems to be unlikely as Sports Illustrated reported that Rhule's new contract extension with Nebraska will keep him with the Cornhuskers beyond 2030.

Under his current contract , Rhule is slated to make $7.5 million this season with his salary increasing annually to a maximum of $12.5 million per year in 2030.

COLLEGE PARK, MARYLAND - OCTOBER 11: Head coach Matt Rhule of the Nebra

See Full Page