Franklin’s Deal with Penn State Worth $38.2M Over 6 Years
STATE COLLEGE, Pa. (AP) — Penn State football coach James Franklin is guaranteed at least $38.2 million over the length of a new six-year contract that runs through 2025. The 48-year-old Franklin will earn $5.4 million next year, plus a retention bonus of $300,000 if he is still coach on Dec. 31. His salary rises every season, topping out at $6.5 million, plus a $500,000 retention bonus, in 2025. If Franklin leaves Penn State for an NFL or college coaching job during 2020 he would owe the university $5 million. His buyout drops by $1 million each year. Franklin is 56-23 in six seasons at Penn State.