Penn State reportedly approves new contract for James Franklin worth $5.8 million per year
Penn State’s B1G title translated to a lot more money for head coach James Franklin.
On Friday, Sports Illustrated’s Bruce Feldman reported that a new contract for Franklin had been approved at a Board of Trustees meeting. the deal is reportedly worth an average of $5.8 million per year over the next six years.
His buyout is $2 million this 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
Franklin led Penn State to its first outright B1G title since 1994 as the Lions finished the regular season 10-2. They completed the year at 11-3 after beating Wisconsin in the conference championship game and losing to USC in the Rose Bowl.
The 2017 season will mark the fourth year of the Franklin era.