Be patient. At this point in Wolf's contract, giving W. an extension is necessary to keep recruiting stable. Thus, the absence of an extension is action. We don't know The Mind of Strollo and how this will be resolved, but if stability in the leadership team were a goal, this issue would probably be resolved by now. (There are other reasons why the contract might be extended, but the stability question is time sensitive.)
My preferred options: (1) The contract is not extended until next year (or not at all) because Mangino's presence is a kind of stability insurance, or (2) the contract is extended right now but YSU has an escape clause if performance does not improve. No guarantees that Mangino will produce a better record, but he is the kind of coach who will not tolerate the kinds of multi-game breakdowns that epitomize the W. era. As has been noted in other posts, a case can be made for giving W. more time and my preferred options allow this without looking YSU into a bad relationship for years to come.