James Franklin’s buyout will cost Penn State tens of thousands per day originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Somehow, being fired may have been the most lucrative thing to ever happen to former head coach of the Penn State football program, James Franklin. That’s not something that most regular people can say about losing their job, but Franklin’s very public buyout charge will be costing his former employer a devastating fortune.
Advertisement
Some could say that State College in Pennsylvania will have to pay an arm and a leg to cough up James Franklin’s fee, but could we be underselling the value of an arm and a leg? How many limbs will it cost the school, and how many do they have to give?
Sorry, back on track here.
The cost for dumping Franklin is $49 million. That’s four, nine, and six zeroes — more money than you or I will ever see through our entire lifespans. According to Yahoo Sports via the New York Post, that’s the second-largest college football coach buyout in the sport’s history, behind only Texas A&M’s $76 million debt to Jimbo Fisher.
Associate head coach, Terry Smith will fill in for Franklin’s absence, while the former lead will receive checks for looking elsewhere for further employment.
Advertisement
If you’d like to put that $49 million account in perspective, the good people at @_MLFootball on X have crunched the numbers and done the math themselves.
Franklin’s payout will be received over the next six years. That means he’ll be receiving…
$0.25 per second
$15.22 per minute
$913 per hour
$21,917 per day
$158.8 thousand per week
$666.7 thousand per month
$21,917 per day? Incomprehensible.
In other words, Penn State had better be very certain they can find an upgrade at head coach. After all, such a steep payday for a head coach who, outside of this season, seemed to be a steady and capable hand to keep the Nittany Lions on the doorstep of national championship contention. They’d hate to foot this bill and lose football games in the process.
Advertisement
MORE COLLEGE FOOTBALL NEWS:
