Virginia Tech made the first big splash of what is set to be a wild college football coaching carousel.

Upon Penn State 's firing James Franklin as head coach of the Nittany Lions, he quickly became one of the hottest names in speculation for other coaching jobs.

Franklin, who was named head coach of Hokies on Monday after being fired by the Nittany Lions in October, signed a five-year contract worth $41.75 million with Virginia Tech, coming out to an average ...