Duzansky was named to the award's watch list last season.
The Nittany Lions stay ranked despite being swept by Minnesota and winning a five-setter over Ohio State.
Franklin's original buyout was around $49 million.
The Nittany Lions went 15-16 last season and won the EIVA Tournament.
The Nittany Lions will play 53 regular season games this spring.
These are the first weekly honors Penn State has won this season.