UNIVERSITY PARK, Pa. (WHTM) – Penn State football coach James Franklin has signed a six-year contract extension.
The deal announced Friday keeps Franklin at the helm of the Nittany Lions through at least the 2022 season.
Contract terms released by Penn State show Franklin would receive an average of $5.3 million a year in total compensation. He will also receive retention bonuses of $300,000 during the first four years, $500,000 after the fifth year, and $1 million after the sixth year.
Incentives include $350,000 for winning the Big 10 championship and $800,000 for a national championship.
His buyout is $2 million this year and $1 million each year after that.
Franklin in his third season with Penn State last year led the Nittany Lions to their first outright Big Ten Championship since 1994 and their second Big Ten title.