I don't know if any of the writers on here aspire to a career in journalism or they just do this as a hobby, but a bit of poking around some of the insider sites followed by by some questions to the ADs office and independent research could produce a good column on the likelihood of Chambers driving a Tastykake delivery truck next year.
Supposedly 2 years ago, Sandy gave great thought to dumping Chambers, but decided against it for 2 reasons. First, and most importantly, the ADs office had zero spare money. The loan that was taken out from the university to pay the Sandusky related fines was still being paid, football attendance was just starting to recover after it's dropoff and the new B1G TV deals had yet to kick in. Because of this, and the fact Chambers had just brought in the Roman Catholic guys, she decided to keep the status quo.
Last year, Chambers took an NCAA caliber team (from both the eye test and the advanced predictive stats point of view), possibly a second weekend team, and led them to the NIT title. Despite the underachievement, the optics would have made it impossible to do anything but keep him on, so the extension was granted (hopefully with a small buyout, given the lack of negotiating leverage Chambers had).
This year, as I stated in my prior message, rumor has it there is money to spend on hoops. (Spending on the arms race in football comes down to fundraising, which supposedly Sandy is not good at, but that is a whole different story). Sandy just had her contract renewed; in her tenure here at Penn State, she has yet to make an important hire. With the freedom of a new contract, hopefully she will give Chambers the boot and make a bold hire. Will they spend the money? Well, you do need to spend money to make money and there is a lot of potential revenue that could be gained by investing in a new coach and staff. A whole article with plenty of scenario analysis showing all possible outcomes would need to be undertaken to show that it makes sense to invest in the program, but a back of the envelope calculation with some reasonable assumptions could do the job. Maybe later in this disaster of a season I'll post those numbers. The ADs office at Penn State has always been run by people with little background in business/finance/marketing and has had zero ability to foresee changes to the collegiate sports landscape (See pisspoor design of BJC, expanding Beaver Stadium just as HD TV and the availablility of games on TV makes staying home a much more viable option, etc.)
Possible candidates: Nate Oats, probably the favorite of the casual fan; poaching Mick Cronin from Cincinnati, as a poster on another site has suggested, very bold; Thad Matta, assuming his back injury is healed or at least under control, a safe but very solid move.