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.

Nebraska announced a two-year contract extension with coach Matt Rhule on Thursday, adding salary bonuses for College Football Playoff appearances but leaving his base salary unchanged.

According to ESPN's Pete Thamel, Rhule reportedly has signed a two-year extension with Nebraska that will keep him under contract through the 2032 season, but more importantly includes a "$15 million...