Penn State football coach James Franklin has received an update to his contract, incorporating new bonus structures to reflect the expanded College Football Playoff (CFP) format. The Penn State Board of Trustees’ Committee on Equity and Human Resources approved the amendment, marking the first change since Franklin signed his 10-year, $85 million contract in 2021.
While Penn State has not disclosed specific incentive details, the revision accounts for the 12-team CFP format, which increases the potential number of postseason games. Under Franklin’s previous contract, performance bonuses included up to $1 million annually, with significant payouts for CFP appearances and victories. The expanded playoff structure could now offer additional financial incentives based on Penn State’s potential to compete in as many as four postseason matchups, including a possible home game in the opening round.
Franklin, in his 11th season with Penn State, has led the program to a 98-40 record, including a 10-1 standing this season. With a win over Maryland on Saturday, the team would secure its first 11-win regular season since 2008 and a spot in the CFP.
Franklin’s contract history at Penn State reflects multiple extensions and increasing compensation. His current deal, signed in 2021, featured a guaranteed salary increase, additional performance-based incentives, and increased private-plane usage. Previous contracts in 2019, 2017, and 2014 included similar structures, progressively increasing his base salary, retention bonuses, and performance incentives.
Source: Sports Illustrated