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Penn State Football: Franklin Extension Moving Along Per Barbour

by on May 08, 2017 11:55 AM

YORK, Pa. -- James Franklin's contract status and potential extension are "moving along," according to Penn State Athletics Director Sandy Barbour. 

"Stay tuned," Barbour said Monday afternoon, addressing the media on the first stop of Penn State's Coaches Caravan tour. "There's no pressure, or hurry from either Penn State or from coach Franklin so I think it's happening as its happening."

The update, or somewhat lack thereof, comes after Barbour noted in late December that the two parties were working toward an extension, but as of May none has officially been signed on paper.

Franklin is currently under a six-year deal, entering his fourth year that would net him $4.3 million in base salary. Last season during Penn State's Big Ten Championship and Rose Bowl appearance run, Franklin made $5.15 million which included bonuses for that conference title and making a bowl game in the four bowl rotation for the College Football Playoffs.

Under his current contract, which is due to be up in 2019, Franklin would make $4.5 million in the final year. His buyout is currently $2 million, down from $5 million the first two seasons at Penn State and down $500,000 from the 2016-17 season.

Earlier in the day Franklin commented on rising salaries across college football, including Alabama coach Nice Saban's deal that will reportedly pay him $11 million.

"I do think it's crazy, it's all crazy," Franklin said. "For me, I'm focused on doing my job, and making sure our guys leave as educated men, and prepared for life. I'm kind of an old school guy. I believe in the true student-athlete, and what this is all about. I guess it's no different than any other industry; the market demands that. I don't think any coach got into this for that. But, it's crazy, there's no doubt about it."

Ben Jones covers Penn State football and basketball for He's on Twitter as @Ben_Jones88.
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