The Penn Quakers hired Fran McCaffery as their new men's basketball coach, the school announced Thursday. The former Iowa coach, who was fired earlier this month, led the Hawkeyes to a 297-207 record over the last 15 years.

With the news of Fran McCaffery's appointment as head coach of Penn men's basketball, freshman guard AJ Levine has left the transfer portal just over 24 hours after entering and decided to continue to wear the Red and Blue.

Penn is hiring former Iowa coach Fran McCaffery as its next basketball coach, the school announced Thursday. McCaffery, 65, graduated from Penn in 1982 and began his coaching career there as an assistant.