After a very stressful few hours, Penn State fans can rest easy. Bill O’Brien is staying in Happy Valley.

Reporters Adam Caplan and Jason La Canfora were first to report the news with several other NFL writers confirming O’Brien’s decision.

Bill O’Brien is staying at Penn State after NFL pursuit — Jason La Canfora (@JasonLaCanfora) January 4, 2013

Interviewed with the Eagles and Browns, but will stay with PSU. — Adam Caplan (@caplannfl) January 4, 2013

Just learned: Bill O’Brien is staying at Penn State. — Kimberly Jones (@KimJonesSports) January 4, 2013

Bill O’Brien will not take anymore NFL interviews, I’m told. He’s staying at PSU. — Jeff McLane (@Jeff_McLane) January 4, 2013

O’Brien made the decision after interviewing with both the Cleveland Browns and the Philadelphia Eagles.

There will be more on this story as it develops including potential comments from the athletic department, but everyone can now exhale. O’Brien will be on the sidelines coaching the Blue and White next season.