Rumor has it that Florida would come after Franklin.

stater02

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Jan 17, 2022
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I anm unclear how these situations work financially. Franklin has a significant buyout right now. Would Florida have to pay that money to Penn State? To Franklin himself? Does Franklin have the option to waive the buyout if he wanted to make a change of scenery?

I understand Penn State would have to pay Franklin if they wanted him to move on, but what happens in the event that it is his choice?
 

Midnighter

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Oct 7, 2021
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I anm unclear how these situations work financially. Franklin has a significant buyout right now. Would Florida have to pay that money to Penn State? To Franklin himself? Does Franklin have the option to waive the buyout if he wanted to make a change of scenery?

I understand Penn State would have to pay Franklin if they wanted him to move on, but what happens in the event that it is his choice?

His 'buyout' should he leave on his own is $2mm in 2024/2025; the massive buyout ($56mm) is what Penn State would pay to him should they fire him. It's the dumbest contract I've seen since my Army enlistment contract. Penn State is TRAPPED and would be foolish to pay that to get rid of him; the whole coaching contract economy needs to be upended; Texas A&M, a public university, paid Jimbo Fisher more than $75mm to fire him.
 

psu31trap

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Oct 29, 2021
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His 'buyout' should he leave on his own is $2mm in 2024/2025; the massive buyout ($56mm) is what Penn State would pay to him should they fire him. It's the dumbest contract I've seen since my Army enlistment contract. Penn State is TRAPPED and would be foolish to pay that to get rid of him; the whole coaching contract economy needs to be upended; Texas A&M, a public university, paid Jimbo Fisher more than $75mm to fire him.
I say ride out the 2 years. Not sure how the AD persuaded the BOT to agree to such a contract.
 

stater02

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Jan 17, 2022
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His 'buyout' should he leave on his own is $2mm in 2024/2025; the massive buyout ($56mm) is what Penn State would pay to him should they fire him. It's the dumbest contract I've seen since my Army enlistment contract. Penn State is TRAPPED and would be foolish to pay that to get rid of him; the whole coaching contract economy needs to be upended; Texas A&M, a public university, paid Jimbo Fisher more than $75mm to fire him.
Thank you for the reply. As I read your post, I started to think about ways that universities could protect themselves from these massive buyouts without being completely unreasonable to the coach. I simply believe that there is just no way to really put this genie back in the bottle however you can work to mitigate the extremes. A very common sense solution would be to build in performance clauses. Just as coaches get bonused based on their performance, the buyout could be reduced basrd on things like win loss record, record, versus rivals, etc., etc.
 

Midnighter

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I say ride out the 2 years. Not sure how the AD persuaded the BOT to agree to such a contract.

His buyout for Penn State goes down about $8.5mm per year; so, if Penn State fired Franklin, this is what they would have to pay:

2024 - $56mm
2025 - $47.5mm
2026 - $39mm
2027 - $30.5mm
2028 - $22mm
2029 - $13.5mm
 
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Midnighter

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Thank you for the reply. As I read your post, I started to think about ways that universities could protect themselves from these massive buyouts without being completely unreasonable to the coach. I simply believe that there is just no way to really put this genie back in the bottle however you can work to mitigate the extremes. A very common sense solution would be to build in performance clauses. Just as coaches get bonused based on their performance, the buyout could be reduced basrd on things like win loss record, record, versus rivals, etc., etc.

One way to do it is to not sign coaches to 10 year contracts. Franklin has been at Penn State for 11 years and has had 4 contracts, the 10 year extension coming in 2021.
 
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psuro

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This was bantered about earlier this season. It's nothing new. The only difference is, since PSU lost to OSU, more fans pay attention to this kind of talk.

I heard the Saints fired their head coach. Franklin to Bourbon Street ?
 

laKavosiey-st lion

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Oct 30, 2021
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This was bantered about earlier this season. It's nothing new. The only difference is, since PSU lost to OSU, more fans pay attention to this kind of talk.

I heard the Saints fired their head coach. Franklin to Bourbon Street ?
Ask 1 how much he loves a new OC every year. GMs MUST hire OCs as HC imo
 

Thus Spake Mainer

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Oct 13, 2021
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Let me amend my OP and to clarify. What if Franklin were to voluntarily want to leave for a new job like Florida? What would be the contract implications for all three sides, Franklin, PSU, and his new job?
 

Bvillebaron

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This was bantered about earlier this season. It's nothing new. The only difference is, since PSU lost to OSU, more fans pay attention to this kind of talk.

I heard the Saints fired their head coach. Franklin to Bourbon Street ?
My wife and I had a blast there after the 1982 Natty against Georgia. Sure why not?
 

Midnighter

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Let me amend my OP and to clarify. What if Franklin were to voluntarily want to leave for a new job like Florida? What would be the contract implications for all three sides, Franklin, PSU, and his new job?

Someone pays PSU $2mm. Probably Florida. Franklin gets wherever his new deal is. Florida pays Napier’s buyout ($26.7mm).
 

Midnighter

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Let me amend my OP and to clarify. What if Franklin were to voluntarily want to leave for a new job like Florida? What would be the contract implications for all three sides, Franklin, PSU, and his new job?

Someone pays PSU $2mm. Probably Florida. Franklin gets wherever his new deal is. Florida pays Napier’s buyout ($26.7mm).
 

PSUHarry

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Oct 7, 2021
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uf-Franklin contract clause:

“You may not call plays at any time during a game. You may not wear a headset at any time during a game.”

o_O
Well, not
uf-Franklin contract clause:

“You may not call plays at any time during a game. You may not wear a headset at any time during a game.”

o_O
Well, not necessary as he doesn't call plays at all during a game.
 
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Midnighter

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Probably during one of the BOT's double secret Executive sessions.

Sandy on her way out after letting Franklin and his agent con Penn State into a 10 year extension while he was 7-4 (finished 7-6) in 2021:

 

Midnighter

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SI has a funny article about the 'College Football Coach Escape Plan' - in their scenario, everyone wins (or so they say):

  1. Florida fires Napier, hires Franklin.
  2. Penn State buys out and hires Cignetti.
  3. Indiana hires Mark Stoops.
  4. Kentucky hires Jamey Chadwell.
  5. Liberty hires Dabo Swinney (God's work).
  6. Clemson hires Todd Monken (Baltimore Ravens OC) and bring on Brett Venables as DC.
  7. Oklahoma hires Rhett Lashlee.
  8. SMU hires Lincoln Riley.
  9. USC hires Kalen DeBoer.
  10. Alabama hires DeMeco Ryans.
 

Lionville

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2027-28 is when things get interesting. Until then, enjoy the ride.
If he’s still here he and his agent will be looking for an extension as soon as a year from now. Can’t recruit if he’s not
Guaranteed to be here for the duration of a kid’s time at PSU.
 

Grant Green

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Oct 12, 2021
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SI has a funny article about the 'College Football Coach Escape Plan' - in their scenario, everyone wins (or so they say):

  1. Florida fires Napier, hires Franklin.
  2. Penn State buys out and hires Cignetti.
  3. Indiana hires Mark Stoops.
  4. Kentucky hires Jamey Chadwell.
  5. Liberty hires Dabo Swinney (God's work).
  6. Clemson hires Todd Monken (Baltimore Ravens OC) and bring on Brett Venables as DC.
  7. Oklahoma hires Rhett Lashlee.
  8. SMU hires Lincoln Riley.
  9. USC hires Kalen DeBoer.
  10. Alabama hires DeMeco Ryans.
No Matt Rhule on that list. ;)
 
Dec 14, 2021
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They have the dollars. Franklin might be ready for a new challenge.
I'm not in the Fire Frankliin Club. I could see him leaving for one of 3 schools, Florida, Florida State or Southern Cal. That being said if they would open, Lane Kiffin will be the Gators first choice. Florida State maybe looks long & hard @ Deion Saunders. Not sure who would be the flavor of the month @ USC. Cignetti should pounce on any big-time offer. Difficult to sustain a transfer-based program (see Mel Tucker, yes he had other issues) and has done what he needed to do against a favorable, so far, schedule.
 

Midnighter

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I'm not in the Fire Frankliin Club. I could see him leaving for one of 3 schools, Florida, Florida State or Southern Cal. That being said if they would open, Lane Kiffin will be the Gators first choice. Florida State maybe looks long & hard @ Deion Saunders. Not sure who would be the flavor of the month @ USC. Cignetti should pounce on any big-time offer. Difficult to sustain a transfer-based program (see Mel Tucker, yes he had other issues) and has done what he needed to do against a favorable, so far, schedule.

LSU and Texas are on that list too.
 

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