Curt Cignetti has gotten a big payday, has signed a long-term extension at Indiana University, and is no longer in the running for the coaching vacancy at Penn State.

Cignetti, the current head coach at Indiana University, signed a new 8-year, $93 million contract that runs through 2033 .

With his new contract that pays approximately $11.6 million per year, Cignetti is now the third highest paid coach in all of college football.

Born in Pittsburgh, Cignetti was a name mentioned by many as a possibility for the open coaching spot at Penn State University after James Franklin was fired on Sunday .

Cignetti has numerous ties to Pennsylvania and the region, having played college football at West Virginia University and having had coached at the University of Pittsburgh and at India

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