Penn State fire James Franklin after disastrous collapse – and with coach owed nearly $50m

Preseason No 2 team have suffered series of lossesCoach’s contract was guaranteed through 2031James Franklin is out at Penn State. The school fired their longtime head coach on Sunday, less than 24 hours after a 22-21 home loss to Northwestern all but ended whatever remote chance the preseason No 2 team had of reaching the College Football Playoff.Terry Smith will serve as the interim head coach for the rest of the season for the Nittany Lions (3-3, 0-3 Big Ten), who began the year with hopes of winning the national title only to have those hopes evaporate by early October amid a string of...