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Here Are The Details On James Franklin's New Penn State Contract

Shot of Penn State coach James Franklin.

PISCATAWAY, NJ - NOVEMBER 17: Head coach James Franklin of the Penn State Nittany Lions runs onto the field with his team before taking on the Rutgers Scarlet Knights at HighPoint.com Stadium on November 17, 2018 in Piscataway, New Jersey. (Photo by Corey Perrine/Getty Images)

For the third time in four years, James Franklin and the Penn State Nittany Lions reeled off 11 wins and a top 10 finish in the polls. Amidst interest from many other top programs looking to make a splash hire, Penn State has given Franklin a big contract extension.

Though the contract was offered a while ago, we now have the details of the deal. ESPN's Adam Rittenberg got the details of Franklin's new deal at University Park. Per the report, the contract extends through the end of 2025, paying a base salary of $500,000 per year.

But it's the supplemental pay where Franklin really reels in the dough. He'll make $4.9-6 million per year in supplemental pay per year. There are also retention bonuses of $300,000-$500,000 per season.

All told, the contract has a total value of well over $35 million. Franklin probably owes his agent a steak dinner or two.

James Franklin joined Penn State in 2014 following three wildly successful years at Vanderbilt. In his first two seasons Penn State went 14-12, winning just six games in the Big Ten. But 2016 was the year Penn State finally returned to glory. The Nittany Lions went 10-2 in the regular season, upsetting No. 2 Ohio State at home en route to winning the Big Ten East division. They would beat No. 6 Wisconsin to win the Big Ten Championship Game before losing a legendary Rose Bowl game to USC. Franklin has played a huge role in restoring Penn State on and off the field. And now he's getting his money. [

Correction: Here at the terms of James Franklin’s new deal at #PSU. pic.twitter.com/VHc6TUi2jT

— Adam Rittenberg (@ESPNRittenberg) February 26, 2020

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