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Regarding Franklin's $50 million buyout with PSU ...
Franklin was not paid $50 million as a buyout when he was fired. That is a total media uninformed story which has taken on a life of its own.
Franklin had a 10 year contract with PSU paying him approx. $8 million per year for another 6 years - hence the "$50 million". The contract had language in it that if Franklin were to obtain another job at less than $8 million per year, then PSU would pay the difference (i.e. if Franklin found a job paying him $6 million per year, PSU would pay the additional $2 million). The contract also had language that Franklin had a duty to mitigate damages and attempt to find another job, i.e. he couldn't just sit on his a$$ for 6 years and go fishing. Additionally, he would have to accept "fair market value", i.e., he couldn't accept a job and negotiate his pay down to $1 million per year and expect PSU to pick up the additional $7 million.
Here's the reality - Franklin is just like everyone on this board - he wants to make as much money as possible - thus, he will almost assuredly find a job paying him more than $8 million per year because that will be the going rate for him at a P4 job. No matter what you may think of him, there are plenty of programs that objectively recognize him as a top 10 coach and he will be paid accordingly.
Bottom line, Franklin is going to find a job that will pay him more than $8 million per year and Penn State won't be paying him any additional money beyond this year. Win-win for Franklin and PSU.
Posted: 10/29/2025 at 05:38 PM ET
Thread Replies (1)
Regarding Franklin's $50 million buyout with PSU ...
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-- psuvatoo
Oct 29, 2025 at 05:38 PM ET
psuvatoo
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10/29/25 05:38 PM ET