It’s official. Penn State coach James Franklin has a contract extension. Franklin is now signed through the 2022 season.
The Nittany Lions, who went 11-3 this past season in Franklin’s third year with the program, shared details of the new contract Friday.
Franklin’s base salary starts at $1.6 million in 2017 and rises in each of the following years, reaching $3.55 million in 2022. Franklin is also getting $2.2 million a year from radio and TV. He’ll also get $500,000 from the Nike deal.
If Franklin leads the Lions to another Big Ten title game, he gets $250,000. If Penn State wins, he gets another $350,000.
Penn State coach James Franklin’s annual base salary
- 2017: $1.6 million
- 2018: $1.8 million
- 2019: $2.65 million
- 2020: $2.95 million
- 2021: $3.25 million
- 2022: $3.55 million
James Franklin salary, compensation at Penn State
Year by guaranteed annual compensation
- 2017: $4.3 million
- 2018: $4.5 million
- 2019: $5.3 million
- 2020: $5.65 million
- 2021: $5.95 million
- 2022: $6.25 million
“James and his staff have done an exceptional job with our football student-athletes and in all aspects of the football program,” Penn State athletic director Sandy Barbour said in the official release. “His values are Penn State’s values and they resonate throughout every member of the organization and team he has built. James is a tremendous leader of young men, motivating them to extend their reach and impact far beyond what they might have thought possible on the field, in the classroom and community. We are excited about continuing to work together to strive to make a lifetime of impact, win championships and celebrate many successes on and off the field along the way.”
Franklin is 25-15 in three seasons with the Lions, taking them to the Rose Bowl last season.
“My family and I are very thankful to be a part of the Penn State community,” Franklin said in the release. “I am pleased with the progress our program has made in the community, in the classroom and on the field.