is almost exactly the amount of guaranteed compensation due Franklin after this season.
Only a regular genius would negotiate a contract like this on behalf of PSU with almost no monetarily-impactful at-risk incentive compensation. Franklin could theoretically go 0-48 over the next 4 seasons and collect $26.5 million+ in the process.
YEAR / SALARY / RET. BONUS / TOTAL ($MM)
2022 $5.75 / $0.5 / $6.25
2023 $6.00 / $0.5 / $6.50
2024 $6.25 / $0.5 / $6.75
2025 $6.50 / $0.5 / $7.00
TOTAL: $24.5 / $2.0 / $26.5
Other Largely Unattainable Incentives ($1 million maximum per year)
Win College Football Playoff national championship: $800,000. <<--- 🤣 🤣 🤣 🤣 🤣
CFP runner-up: $500,000 <<--- 🤣 🤣 🤣 🤣
Qualify for CFP: $400,000. <<--- 🤣 🤣 🤣
Win Big Ten championship game: $350,000. <<--- 🤣 🤣
Qualify for New Year's 6 bowl game (not a semifinal): $300,000 <<--- 🤣
Big Ten championship-game appearance: $250,000. <<--- 🤣
Win/tie for Big Ten East title (no championship-game appearance): $150,000. <<--- 🤣
National coach of the year: $150,000. <<--- 🤣 🤣 🤣 🤣 🤣
Big Ten coach of the year: $100,000. <<--- 🤣 🤣 🤣
Voluntary Buyout (payable to Penn State if Franklin leaves for another job)
2022: $3 million
2023: $2 million
2024: $1 million
2025: None
Only a regular genius would negotiate a contract like this on behalf of PSU with almost no monetarily-impactful at-risk incentive compensation. Franklin could theoretically go 0-48 over the next 4 seasons and collect $26.5 million+ in the process.
YEAR / SALARY / RET. BONUS / TOTAL ($MM)
2022 $5.75 / $0.5 / $6.25
2023 $6.00 / $0.5 / $6.50
2024 $6.25 / $0.5 / $6.75
2025 $6.50 / $0.5 / $7.00
TOTAL: $24.5 / $2.0 / $26.5
Other Largely Unattainable Incentives ($1 million maximum per year)
Win College Football Playoff national championship: $800,000. <<--- 🤣 🤣 🤣 🤣 🤣
CFP runner-up: $500,000 <<--- 🤣 🤣 🤣 🤣
Qualify for CFP: $400,000. <<--- 🤣 🤣 🤣
Win Big Ten championship game: $350,000. <<--- 🤣 🤣
Qualify for New Year's 6 bowl game (not a semifinal): $300,000 <<--- 🤣
Big Ten championship-game appearance: $250,000. <<--- 🤣
Win/tie for Big Ten East title (no championship-game appearance): $150,000. <<--- 🤣
National coach of the year: $150,000. <<--- 🤣 🤣 🤣 🤣 🤣
Big Ten coach of the year: $100,000. <<--- 🤣 🤣 🤣
Voluntary Buyout (payable to Penn State if Franklin leaves for another job)
2022: $3 million
2023: $2 million
2024: $1 million
2025: None
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