James Franklin’s Contract Changes May Affect His Next Role Post-Penn State
James Franklin’s recent contract changes may influence his future career after exiting Penn State. Following a substantial buyout of $49 million, the terms of his contract necessitate that he actively seeks a new position.
Key Details of Franklin’s Contract
Franklin’s contract, purchased out by Penn State for $49 million, is the second-largest buyout in college football history, surpassed only by Jimbo Fisher’s $76 million departure from Texas A&M. The contract includes a unique clause that obligates Franklin to actively pursue another employment opportunity post-Penn State.
Contract Obligations
The specific language from the contract asserts that Franklin must make a “good faith effort” to find a new position, with an emphasis on roles related to coaching, scouting, or broadcasting.
- Contract effective until 2031.
- Franklin earns $8 million per season.
- Any new job acquired will offset the buyout amount owed to Franklin.
Financial Implications
The estimated $49 million owed to Franklin includes the remaining salary for the current season and the annual payout through 2031. Penn State’s athletic director, Patrick Kraft, clarified that the athletic department would manage these financial obligations separately from the university’s budget.
The contract contains provisions allowing for reductions in Franklin’s payouts if he secures new employment. Specifically, compensation from a subsequent role will reduce the remaining payments due to him.
Prospects for Franklin
Given Franklin’s strong coaching track record, including success at Vanderbilt and Penn State, he is likely to find a new role quickly. Potential openings at schools like Arkansas, Oklahoma State, UCLA, Virginia Tech, and Stanford could align well with his skills.
Franklin’s ability to navigate the current landscape of college football is crucial. The ongoing changes, particularly the impact of Name, Image, and Likeness (NIL) regulations, are prompting some coaches to consider alternative career paths in media or less demanding positions.
As seen with figures like Nick Saban, the pressure from NIL developments has resulted in notable shifts within coaching ranks, influencing decisions about the future of many football professionals, including Franklin.
