I made absolutely zero evaluation of James Franklin as a football coach, and I probably never will. It is irrelevant to the issue at hand, the new contract. My comments, and my concerns, are with respect to the contract - and the less than prudent signing of the agreement by Penn State, which is the case no matter how positively or negatively one might view Franklin's coaching abilities.
1) Putting Penn State on the hook for $85 million, 10 years - while allowing the other party, for all intents and purposes, to simply walk away whenever they want ($8 million year 1, dropping rapidly to near zero) - when you already have an existing contract in place, at a top-of-the-market price, is inane. Regardless of what one thinks of Franklin as a coach.
2) Thinking that you have achieved "stability" by binding yourself (Penn State) to a one-way commitment, while the other party is free to pick up and leave - or threaten to pick up and leave - especially when the other party has repeatedly shown a proclivity to do just that, is not rational, obviously.
3) Which leaves us with two reasonable scenarios moving forward: Penn State football has significant success over the next few years, and Franklin is once again back in the "I want more" cycle - and holding all the cards. Or Penn State football does not have significant success, and Penn State is committed to paying Franklin the remainder of the $85 million over the rest of the decade, no matter how poor the performance.
While both of those scenarios are great for Franklin, and fans of Franklin should rightly be pleased, neither is a good thing for Penn State, and fans of Penn State should rightly be disconcerted.
4) When you have limited resources, and many needs, in trying to complete a mission - in this case, running a successful football program - intentionally spending more of those funds on one of those resources reduces the funding available to procure other necessary resources, which can only have a negative effect on the overall operation.
None of that is a critique of Franklin's coaching ability, and none of that is debatable - either by reason or past history.