When Penn State fired former head coach James Franklin earlier this season, it gained nationwide media consideration for 2 causes. First, Penn State was a play away from making final yr’s title sport within the Faculty Soccer Playoff. A coach getting fired so quickly after a season like that could be a rarity. Second, Franklin had one of many largest buyouts the school soccer panorama has ever seen.
The Nittany Lions initially owed Franklin about $50 million as a part of his buyout. Nevertheless, the coach and faculty negotiated a decreased charge, and Penn State will as a substitute pay Franklin $9 million. It is nonetheless some huge cash, however far lower than they have been on the hook for at first.
In the meantime, Franklin simply accepted a brand new job at Virginia Tech. The Hokies supplied him a five-year deal value $41.75 million. It is a median of $8.35 million per yr however is back-loaded, so Franklin will make more cash yearly down the road. Yr 4 might be $12.75 million, and the ultimate season will give him $13.25 million, which is about what Kirby Good, the highest-paid coach in school soccer, is making this yr.
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Meaning Franklin is making $50.75 million from each Virginia Tech and Penn State. Two colleges paying him, though he is not teaching at one. It is each coach’s dream!
As a result of Franklin has a pleasant cushion together with his Penn State buyout, he negotiated a clause in his Virginia Tech contract that offers his assistant teaching workers a wholesome pay increase. Beneath earlier coach Brent Pry, Virginia Tech assistants made a collective $8.5 million. That wage teaching pool will improve to $15.5 million now that Franklin is in cost.
Franklin was in attendance in the course of the Hokies’ ultimate residence sport of the season towards the Miami Hurricanes. He is assembly with recruits and attending to know gamers who might be on the roster subsequent season.
Penn State fired Franklin after a 3-3 begin to the season. Virginia Tech has solely received three video games all yr, sitting at 3-8 close to the underside of the ACC standings. Franklin will definitely have his work reduce out to show this system round, however he’ll additionally doubtless have decrease expectations to start out. Mixed with two paychecks recurrently coming in, that is not a foul deal in any respect.
