about 5 hours ago

Penn State Could Owe James Franklin Very Little of His $50 Million Buyout

Penn State’s $50 million buyout could shrink drastically due to an offset clause in Franklin's 2021 contract. It states that any new salary from a future job will subtract from the amount Penn State owes. For example, if Franklin earns $7 million elsewhere, PSU would only pay the difference. He’s also required to “diligently” seek new employment and maximize his next salary.