Penn State is currently on the hook for roughly $50 million after firing James Franklin, but there's a unique wrinkle in Franklin's contract that could help the Nittany Lions save a sizable chunk of money.
Franklin is owed roughly $50 million from Penn State, which is the second biggest buyout in college football history behind only Texas A&M's $76 million to Jimbo Fisher. However, Franklin's contract extension with Penn State from 2021 includes a section that states he is "obligated" to look for a new job, according to Front Office Sports. If he lands one between now and the year his Penn State deal would have expired (2031), the salary he receives from his new job will "offset" the amount Penn State owes him.
