As of February 26, 2025, there is no public information indicating that Penn State head coach James Franklin has rejected a new contract offer from the university. In fact, Franklin has been under a 10-year contract since November 2021, which extends through the 2031 season.
This contract includes a guaranteed annual compensation of $7.5 million, with additional incentives for performance milestones such as winning the Big Ten Championship or the College Football Playoff National Championship.
In November 2024, the Penn State Board of Trustees amended Franklin’s contract to align with the expanded 12-team College Football Playoff format. This amendment adjusted performance incentives to reflect the new playoff structure, ensuring that Franklin’s compensation remains competitive and commensurate with the program’s goals.
Throughout his tenure, Franklin has expressed a strong commitment to Penn State, emphasizing his desire to build a sustainable and competitive program. He has highlighted the importance of aligning resources, facilities, and support systems with the university’s high expectations
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