That's an interesting scenario to watch.
However, I'm not sure about the mixed feelings. He's quite literally one of the best coaches in the game. He was on pace to do at Vandy what Stoops was supposed to do here...and in less time. Consistent 9 win seasons.
People like to crow about how UK is a tough job because boo hoo this and that...Vanderbilt is a tougher job by orders of magnitude. Franklin had them well on their way to being a real player in the conference. Kind of like what Kif has done with Ole Miss. Honestly, if he doesn't leave, CMS among other SEC coaches might not be around.
If he does get booted, that would be a seismic event and really throw the coaching carousel off the rails. One it opens up Penn St, who can name their coach. The guy they go after and ultimately get probably has a decent gig right now, and the dominos fall from there.
He immediately changes the landscape of the program, conference, recruiting territories, etc he goes to, which has all sorts of ripples.
Same goes for the Day scenario discussion. One of the best coaches in the game. An OSU opening obviously throws things for a loop and has lots of ripple effects.
If PSU, OSU, FSU, Oklahoma, Florida, Auburn, Iowa (Ferentz retires) open...or any combo of just a couple of those...hang on tight. Not sure there's a president for a situation like that.