Franklin’s new contract offers Franklin the compensation he deserves while also safeguarding the University.
Since his first campaign at the helm in State College, James Franklin has built the program back into a championship contender. He managed to cobble together two 7-6 seasons with limited scholarship athletes before putting up four straight years of at least 9 wins. One of those included a Big 10 Championship, along with three New Year’s Six Bowl Appearances. Among his most significant achievements are his efforts at recruiting which have brought players like Saquon Barkley, Miles Sanders, and others to Happy Valley.
When rumors began to swirl this past year connecting Franklin to the FSU job I knew it was folly. The kid who grew up in Langhorne, PA is building something special in his home state. He did however seem to have used the rumors to get a richly deserved raise. Or did he? More on that subject later.
Some alumni may not care for Franklin’s brash style, read option system, or even his player friendly atmosphere. However, there is no denying the fact he has attained a measure of success few would have predicted when he left Vanderbilt just a few short years ago.
With the team set to bring back multiple high caliber players such as Sean Clifford, Journey Brown, Noah Cain, Pat Freiermuth, and others the future is bright in Happy Valley. James Franklin has already stated he can’t wait to get back out on the recruiting trail. WIth his contract now settled he has probably already begun preparing for recruits. Next year promises to be a banner year for the Nittany Lions.
James Franklin’s Contract Details
Without further ado let us take a look at franklin’s new contract. After months of speculation, Penn State released the contract details for Head Coach James Franklin. In an odd twist it was revealed that Franklin would actually be receiving LESS guaranteed money over the next three seasons. Below you can see the yearly breakdown including the old numbers within the parentheses.
It goes without saying that Franklin must have received some major concessions in order to give back a significant amount of money over the next three seasons. One of the curious details is that Franklin will be given an annual sum of $1 million dollars towards a life insurance policy. He will also receive a $300,000 retention bonus this season which will increase to $500,000 for all additional years. It has also been speculated that Franklin will be given far greater control of contracts for assistants as well as assurances of funding for said assistants as well as facilities upgrades.
In addition to paying less guaranteed money on the deal the university also received somewhat of an insurance policy. Following the 2020 campaign, Franklin’s buyout will increase from $1 million to $5 million dollars. Each season the buyout will decrease by $1 million dollars. This will certainly not prohibit Franklin from leaving or other Universities from sniffing around at the highly thought of coach. However, it would provide some insurance in the event of an early departure.
James Franklin is certainly the right man for the job and a credit to the state and university he now serves. He will now need to justify the confidence the school has placed in him moving forward. Only time will tell if he reaches the highest peaks of college football, but as of now he has the school perched on the precipice of greatness. He will need to continue to challenge for Big10 championships and playoff berths to justify his extension. By not gauging the University for more money it seems that Franklin is happy in his new position and simply sought some long term security for himself and his family. I also appreciate the safeguards the University took in the event of a buyout. I for one am pleased to see this marriage continue into the foreseeable future.
I hope that you enjoyed this article. Follow me on twitter @ReflipeWThenuz for more Penn State content, dynasty football articles, and much more. Don’t forget to check out Saturday-tailgate.com for much much more on college football.
Luckiest man alive. Father, Husband, Son, Brother, and college football enthusiast. Ph.D in 20th Century U.S. History. Love researching and writing about things that interest me. Looking forward to sharing my musings on college football with all the readers of this amazing website. Follow me on Twitter: @ReflipeWThenuz