NCAA
James Franklin’s contract details: What’s his salary with Penn State football and how many years are left?
The Nittany Lions are one step away from Orange Bowl greatness, and head coach Franklin has a lot to do with it.
James Franklin, the head coach of Penn State football, has been a pivotal figure in the program’s recent successes and challenges. In November 2021, Penn State extended Franklin’s contract, securing that he will be with the team until 2031 season.
What is Coach Franklin’s contract with the Nittany Lions?
His base salary and supplemental pay amount to a total of $7 million annually. Additionally, he receives an annual retention bonus of $500,000, paid every December 31, and a $1 million per year life insurance loan, bringing his total annual compensation to $8.5 million. These figures place Franklin among the highest-paid coaches in college football.
The contract also includes a series of performance-based incentives, which can add up to $1 million per year. These incentives reward achievements such as winning the Big Ten East Division, the Big Ten Championship, and making appearances in the College Football Playoff (CFP). For instance, Franklin can earn $150,000 for finishing first in the Big Ten East, $350,000 for winning the Big Ten Championship, and up to $800,000 for winning the national championship.
Franklin’s contract reflects Penn State’s commitment to maintaining a competitive football program. Despite some criticism regarding his performance in high-stakes games.
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