I posted the following in the Penn St. preview game thread, but will share it here as well.
As of today, 10/12/2025, hiring Rhule doesn't make much sense to me if you're Penn St.
People are going to point to the last three Penn St. losses as why Franklin was fired, but that was really just a catalyst. The "Franklin can't win big games" mantra has been around for several seasons now and that's what ultimately doomed him. He was 4-21 against the AP Top 10 and 17-26 against ranked teams. You can't fire a guy like that and then go and hire the guy who is 2-23 all time against ranked teams, even if Rhule might be a bit more affordable. Remove the fact he's a former grad and is Matt Rhule even in the discussion? Probably not. I don't think most PSU fans or boosters would be impressed if Rhule was hired there.
One thing that might alter this is if Rhule somehow goes 10-2 or 11-1 and were to make the CFP. But even then... PSU is going to be an attractive position to a lot of very qualified head coaching candidates both in college and the NFL.