$110 million college football coach climbed among favorites to be named Penn State HC

Kalshi gives Sitake a 30% chance to land the Penn State job with Chesney's odds listed at 25%. Among the additional favorites is a surprise name: USC's Lincoln Riley.

Early Monday, the USC coach had a 10% chance to be headed to Penn State, but this number had been as high as 23% in recent days. At the time this story was published, Riley's odds dropped dramatically to 3%.

Tennessee's Josh Heupel sits at 12% while former Giants coach Brian Daboll is listed at 14%.

Let's dive into the latest news and rumors on Penn State's coaching search.

USC HC Lincoln Riley's odds to be named the new Penn State coach has had wild swings

Back in 2022, Riley signed a 10-year, $110 million contract at USC. Riley has been linked to several of the recent college football vacancies, but the USC coach has attempted to quiet the noise.

"Yeah, like I said before, I'm right where I'm supposed to be," Riley said of the coaching rumors, per USC Trojans on SI's Cory Pappas. "I think nothing other than what we're building literally. I love being here and yeah, that's really the end of it.”

Penn State has missed out on several top candidates including Indiana's Curt Cignetti and Nebraska's Matt Rhule

It has been a challenging coaching search for Penn State. The Nittany Lions were initially linked to Indiana's Curt Cignetti and Nebraska's Matt Rhule. Both coaches signed contract extensions with their current schools amid the coaching carousel rumors.

"Among the names that continue to be mentioned by industry sources are Georgia Tech’s Brent Key, Missouri’s Eli Drinkwitz, Vanderbilt’s Clark Lea and Louisville’s Jeff Brohm," On3's Pete Nakos wrote on Nov. 16. "At the offensive coordinator level, the two names to watch are Ohio State’s Brian Hartline and Oregon’s Will Stein."

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