(WHTM) - Penn State Athletic Director Pat Kraft's decision to fire head football coach James Franklin will be a costly one. The question for many is, who will foot the bill?

According to ESPN's Pete Thamel, Penn State owes Franklin more than $49 million, the second-largest buyout in college football history.

On Monday, Kraft confirmed that the athletic department will handle the financials, not the university, which is facing the closure of several branch campuses.

"What I will tell you about the buyout, this is an athletics issue,' said Kraft. "This is not the institution's issue. So we in athletics are covering all the costs. I just want that to be known. So we are absorbing all the costs associated with this

Kraft would not elaborate on how the athletics department will handle the f

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