Why James Franklin left $40 million from Penn State on the table to become Virginia Tech's coach
By Austin Nivison
Published on April 16, 2026.
James Franklin, the former Penn State football coach, had a $49 million buyout in his contract when he was fired and accepted a new role with Virginia Tech in November. However, due to the offset language of his contract with Penn State, the Nittany Lions owed Franklin only $9 million after he signed on the dotted line. Despite initially being unhappy about the financial implications of the deal, Franklin made the best decision for his career. He now takes over a team that has struggled to reach a bowl game in recent years.
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