Striking Gold In Indy: James Franklin’s Recent Success Leads To Serious Bonus Money
James Franklin’s had a pretty good run over the past two months that included capturing the Big Ten East Division at the end of the regular season along with the Big Ten Championship on Saturday in Indianapolis. But Franklin hasn’t just been winning on the football field — he’s winning in the bank account as well.
Franklin’s contract is structured to include some hefty bonuses along with an already generous $1.5M base salary in 2016. When factoring in additional compensation from apparel providers and radio/TV deals, Franklin’s overall compensation for 2016 comes out to $4.2M. That’s a pretty figure on its own, but Franklin’s recent trip to Indianapolis — along with his program’s subsequent victory — earned him $350,000 extra as a reward for winning the Big Ten Championship.
Franklin’s contract stipulates additional bonus money for Bowl season — and it appears he’s already raking in more cash. His contract states he’d receive $300,000 if Penn State were to be selected for a bowl normally in the College Football Playoff circuit but not serving as a Playoff site this year. The Rose Bowl meets that criteria, meaning Franklin’s total bonus compensation for 2016 comes to $650,000. We’re unsure of how the $100,000 reserved for a Big Ten Coach of the Year honor would be allocated since Franklin was only selected for the honor by the Big Ten media, not the coaches, who selected Wisconsin’s Paul Chryst. If he receives the $100,000 anyway, his total compensation for 2016 shoots up to $750,000.
Not bad, coach. But there’s no denying Franklin’s earned his money after taking the second youngest team in the FBS to the top of the Big Ten mountain and in position to claim its first Rose Bowl since 1995.