Penn State coach James Franklin will receive nearly $35 million under the terms of his new contract.
As reported by FOX Sports’ Bruce Feldman, Franklin’s new approved deal is for 6 years, averaging $5.8 million per year.
SOURCES: James Franklin’s new deal approved w/ #PennState is for 6 YRs at an average of $5.8 million per. His buyout is $2 million this year
— Bruce Feldman (@BruceFeldmanCFB) August 18, 2017
According to a USA Today report, Franklin made $4.5 million last season. Franklin was going into his fourth season in a six-year deal.
Going by USA Today’s report on 2016 salaries, Franklin would rank fourth nationally behind Michigan’s Jim Harbaugh, Alabama’s Nick Saban and Ohio State’s Urban Meyer.
The possibility of Franklin getting a new contract was believed to be a possibility going into the Penn State Board of Trustees meeting on Friday.
Penn State athletic director Sandy Barbour previously said contract details would be announced “when appropriate.”
Franklin’s teams are 25-15 (14-11 Big Ten) in his three seasons at Penn State. Of course, he led the Nittany Lions to a resurgent 2016 season. After finishing 7-6 in both 2014 and 2015, Franklin and Penn State went 11-3 and won the Big Ten title. The Lions finished ranked No. 7 in the AP and coaches polls.
The 11 wins were the most in a season since the Nittany Lions finished 11-2 in 2009, following an 11-2 season in 2008.
Before coming to Penn State, Franklin led Vanderbilt for three seasons. His Commodores’ teams posted a cumulative 24-15 record, bettering the school’s 4-20 record in the two seasons before his arrival. Vanderbilt finished 9-4 in 2012 and 2013, leading the team to top-25 rankings both years.
James Franklin at Penn State:
- 2014: 7-6, won Pinstripe Bowl vs. Boston College, 31-30 (OT)
- 2015: 7-6, lost TaxSlayer Bowl vs. Georgia, 24-17
- 2016: 11-3, won Big Ten Championship, lost Rose Bowl vs. USC, 52-49