James Franklin’s new contract with Virginia Tech will internet the previous Penn State coach at the least $41.75 million over the following 5 years, based on a time period sheet launched by the varsity Friday, however the particulars of the contract additionally supply a nod to a brand new world of income distribution.
Franklin’s deal, which runs via 2030, is essentially backloaded, with Virginia Tech on the hook for $6 million for the 2026 season and as much as $13.25 million for 2030.
However there are perks for Franklin, together with bonuses of as much as $800,000 yearly based mostly on Virginia Tech’s TV viewership. This dovetails with the ACC’s new income distribution mannequin that rewards faculties a bigger slice of the monetary pie based mostly on TV rankings.
Virginia Tech, which accredited a rise to its complete athletics funds of $229 million over the following 4 years in September, dedicated $9.5 million to Franklin’s workers of assistants and one other $6 million for supplemental workers, together with knowledge analysts, recruiting and high quality management workers, and sports activities scientists, amongst others roles.
Franklin will even get extra money for assist workers based mostly on the variety of video games Virginia Tech wins, starting from a $200,000 improve for assistants and $125,000 for supplemental workers for successful six video games, to $800,000 and $575,000 respectively for a 12-win season.
Franklin additionally mentioned he expects important facility upgrades and different investments to carry Virginia Tech into line with the highest packages within the nation.
“I will stroll the ability and make it very apparent that, this stuff are good and top notch, and this stuff are dated and problematic and we have to get them fastened and glued quick,” Franklin advised ESPN. “There’s work that must be accomplished. However there’s additionally guarantees which were made. That is all of it.”
The contract additionally consists of bonuses based mostly on ACC championship recreation and playoff appearances.
