USC and LSU fans might be a little bit disappointed to find out that one of the candidates for their open positions has decided to stay put.

Penn State coach James Franklin signed a 10-year contract to continue as head coach of the Nittany Lions.

Here is the official statement from Penn State about Franklin’s deal:

“We are excited to have James Franklin lead our football program for a long time,” said Sandy Barbour Vice President of Intercollegiate Athletics at Penn State. “We will continue our collective efforts to constantly improve in all aspects of our program. We have made, and will need to continue to make, significant investment in our football program because we believe we have a very bright future under James. With this contract, we are signaling our sustained commitment to being one of the premiere programs in the history of college football. Our goals and aspirations relating to football have never wavered and our investments today and in the future of our program will allow us to compete at the highest level.”

Franklin also released a statement.

“This renewed commitment to our student-athletes, community and fans reinforces all the reasons I’ve been proud to serve as your head football coach for the last eight years and why my commitment to Penn State remains steadfast. Throughout this process I’ve kept our leadership council, recruits and staff updated on those conversations and I’m excited we’ve reached an agreement we can finally share with you.”

Franklin’s overall record at Penn State is 67-32.