Reports are that Penn State head coach James Franklin is set to sign an “enhanced contract” that will keep him in State College. Rumors have been circulating since the openings at LSU and USC came to be that Franklin was considered to be high on the list of possible candidates for both spots.

ESPN’s Adam Rittenberg said on Tuesday that Franklin’s situation at Penn State is “expected to be settled very soon” and that he was not interested in either the LSU or USC spots, and that neither were “overly appealing” in that both would entail a rebuild of their current rosters.

In 2019, Franklin signed a six-year contract extension worth up to $38.2 million. He took over the Penn State program in 2014, after a three year run at Vanderbilt.

Franklin was the 2016 Woody Hayes Trophy Award winner as college football’s top coach, and has led the Nittany Lions to a 67-32 record over his eight seasons in charge of the PSU sideline. But since then, the team has posted an 11-9 record and has a 3-3 bowl record since the beginning of the 2020 season.

This season’s 7-4 record isn’t great, but three of the four losses were against teams ranked in the top six of the AP Poll at the time.

Penn State finishes up regular season play on Saturday, Nov. 27 at No. 12 Michigan State.