Overview
- Virginia Tech published the term sheet showing Franklin’s five-year package worth at least $41.75 million, structured to climb from about $6 million in 2026 to as much as $13.25 million in 2030.
- The contract includes up to $800,000 annually tied to TV ratings, along with bonuses for ACC title game and College Football Playoff achievements, $250,000 for a 12‑win season, and $150,000 for coach‑of‑the‑year honors.
- Staff resources total roughly $15.5 million ($9.5 million for assistants and $6 million for supplemental staff), with performance‑based increases and part of a broader $229 million athletics funding plan.
- Reporting indicates Penn State’s original buyout obligation was negotiated down, leaving the school responsible for about $9 million on Franklin’s prior deal.
- Franklin has begun calling recruits and arranging visits, with Rivals reporting multiple Penn State commits scheduled to see Blacksburg, as he evaluates staff and facilities ahead of his first full offseason.