James Franklin receives retention bonus today; here's how much he made total in 2021

OuiRPSU

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Oct 6, 2021
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Mine is “that’s a pretty sweet deal he’s got there.”
 

PSUFTG

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Nov 1, 2021
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No particular offense to Greg Pickel (the author of that piece), since we see this phraseology repeated ad infinitum in sports reporting, but what is it with this type of reporting:
"On Thursday, Penn State Vice President for Intercollegiate Athletics Sandy Barbour explained why the school locked in Franklin with the 10-year agreement."

Franklin isn't "locked in" to squat. In fact, two years from now his walk-away buyout is less than it was a year ago - when he was playing Free-Agent (again). $2 Million buyout in 2024 vs the $4 million buyout that was "locking in" Franklin while he and Jimmy Sexton were playing twiddlie-dinks with Barbour this year.
Now, one can understand why Barbour would try to explain away the contract by incessantly referring to it as "locking in" Franklin - and maybe most journalists don't care to point out that inanity, or call on Barbour to defend/explain those statements. But they (the journalists) surely shouldn't feel compelled to repeat them over and over, as if they were anything but inanity. Obviously, I get it. It's a fair question.

For what it is worth, Mike Poorman was one of the very few sports scribes to take the time to actually look at, and understand, Franklin's contract history. His article is here (first part deals with on-field results, second half with the contract stuff) James Franklin’s 100 Games and Penn State Contract: I Crunched the Numbers so You Don’t Have to | State College, PA


And then acting as if the $1 million per year is like your employer providing a life insurance benefit like they might provide to rank-and-file employees (It is not. It is, for all intents and purposes, another $1 million in compensation - shielded from taxes.) That part, I get, obviously. Because most of those writing about just simply have no understanding of it. Which is to be expected, obviously.
 
Last edited:
Oct 12, 2021
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No particular offense to Greg Pickel (the author of that piece), since we see this phraseology repeated ad infinitum in sports reporting, but what is it with this type of reporting:
"On Thursday, Penn State Vice President for Intercollegiate Athletics Sandy Barbour explained why the school locked in Franklin with the 10-year agreement."

Franklin isn't "locked in" to squat. In fact, two years from now his walk-away buyout is less than it was a year ago - when he was playing Free-Agent (again). $2 Million buyout in 2024 vs the $4 million buyout that was "locking in" Franklin while he and Jimmy Sexton were playing twiddlie-dinks with Barbour this year.
Now, one can understand why Barbour would try to explain away the contract by incessantly referring to it as "locking in" Franklin - and maybe most journalists don't care to point out that inanity, or call on Barbour to defend/explain those statements. But they (the journalists) surely shouldn't feel compelled to repeat them over and over, as if they were anything but inanity. Obviously, I get it. It's a fair question.

For what it is worth, Mike Poorman was one of the very few sports scribes to take the time to actually look at, and understand, Franklin's contract history. His article is here (first part deals with on-field results, second half with the contract stuff) James Franklin’s 100 Games and Penn State Contract: I Crunched the Numbers so You Don’t Have to | State College, PA


And then acting as if the $1 million per year is like your employer providing a life insurance benefit like they might provide to rank-and-file employees (It is not. It is, for all intents and purposes, another $1 million in compensation - shielded from taxes.) That part, I get, obviously. Because most of those writing about just simply have no understanding of it. Which is to be expected, obviously.
Thanks for that. I'd missed the article. I still say, "Good for CJF!" He made the move to hire Jimmy Sexton. Can't blame him for getting someone who would work to get him the best possible deal. It seems like Jimmy Sexton was playing chess, and PSU was playing checkers. Time will tell.

Poorman with a great line -

A few words about that new contract, engineered by Franklin’s new agent Jimmy Sexton, no doubt the head coach’s biggest portal pick-up in 2021:

"According to what Penn State athletics has posted on its website, ... That contract also stipulated that if Franklin wanted to buy out his contract between now and Dec. 31, it would cost him $4 million and if Penn State wanted to let Franklin go between now and Dec. 31, it would cost PSU $26 million — a bargain, with tongue only partly in cheek, given the new contract’s terms, which up the cost of a Penn State buyout to $72 million in 2022."

What PSUFTG refers to concerning the life insurance:

"Part of the new math: Beginning in 2022, Franklin’s salary (counting an annual $1 million loan against his life insurance and an annual retention bonus of $500,000) will be $8.5 million, which equals $23,287.67 per day — about $1,000 an hour."
 
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LookSharp

Member
Oct 25, 2021
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No particular offense to Greg Pickel (the author of that piece), since we see this phraseology repeated ad infinitum in sports reporting, but what is it with this type of reporting:
"On Thursday, Penn State Vice President for Intercollegiate Athletics Sandy Barbour explained why the school locked in Franklin with the 10-year agreement."

Franklin isn't "locked in" to squat. In fact, two years from now his walk-away buyout is less than it was a year ago - when he was playing Free-Agent (again). $2 Million buyout in 2024 vs the $4 million buyout that was "locking in" Franklin while he and Jimmy Sexton were playing twiddlie-dinks with Barbour this year.
Now, one can understand why Barbour would try to explain away the contract by incessantly referring to it as "locking in" Franklin - and maybe most journalists don't care to point out that inanity, or call on Barbour to defend/explain those statements. But they (the journalists) surely shouldn't feel compelled to repeat them over and over, as if they were anything but inanity. Obviously, I get it. It's a fair question.

For what it is worth, Mike Poorman was one of the very few sports scribes to take the time to actually look at, and understand, Franklin's contract history. His article is here (first part deals with on-field results, second half with the contract stuff) James Franklin’s 100 Games and Penn State Contract: I Crunched the Numbers so You Don’t Have to | State College, PA


And then acting as if the $1 million per year is like your employer providing a life insurance benefit like they might provide to rank-and-file employees (It is not. It is, for all intents and purposes, another $1 million in compensation - shielded from taxes.) That part, I get, obviously. Because most of those writing about just simply have no understanding of it. Which is to be expected, obviously.

Did not know this. Thanks for laying things bare.
 

PSUFTG

Well-known member
Nov 1, 2021
1,456
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Did not know this.
You are welcome. That is the biggest problem when the media doesn't do it's job. If they all repeat the same inanity and buzzwords - devoid of reason and critical thought, before long the inanity becomes more powerful than the truth.
 
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