Particle.news
Download on the App Store
3 ARTICLES
·
2h ago

Penn State Pressure Grows as Report Puts James Franklin Buyout Near $50 Million After UCLA Loss

A 2022 term sheet obtained by USA TODAY indicates a steep cost to remove the coach, with a higher $56 million estimate still in circulation.

Head coach James Franklin of the Penn State Nittany Lions looks on before the game against the UCLA Bruins

Overview

  • Penn State fell 42-37 to previously winless UCLA at the Rose Bowl, where fans chanted "Fire Franklin" during the game.
  • USA TODAY reported a 2022 financial term sheet showing Franklin’s buyout if fired without cause is just under $50 million as of Oct. 4.
  • The same document lists an $8.5 million annual compensation on a contract running through Dec. 31, 2031.
  • The reported pay breakdown includes a $500,000 base salary, $6.5 million in supplemental pay, a $500,000 annual retention bonus, and a $1 million annual life-insurance loan.
  • An alternative estimate cited by 247Sports puts the buyout around $56 million, underscoring uncertainty as any change would likely require donor or collective support.