Penn State enters a new era after a stunning 2025: the program fired longtime coach James Franklin midseason and hired Matt Campbell to reset a roster that had been one of the Big Ten's most expensive.
The Nittany Lions still command a top-tier football budget through the Happy Valley United collective, and they fund the sport's premier wrestling dynasty under Cael Sanderson — a genuine NIL draw in a discipline most schools ignore. With a massive donor base, Penn State remains a top-20 all-sport spender as it retools.

