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re: James Franklin/Va Tech
Posted on 11/19/25 at 7:50 am to Tiger2tiga
Posted on 11/19/25 at 7:50 am to Tiger2tiga
He was required to provide best efforts to find a similar coaching job. Then the compensation from that job would offset the buyout amount.
It’s a provision that A&M (Jimbo) and LSU should have had in their contracts.
It’s a provision that A&M (Jimbo) and LSU should have had in their contracts.
0
Posted on 11/19/25 at 7:52 am to DawgsLife
quote:
If he went back to Virginia and took a $40 million loss to do so, then I won't think he is smart enough to be a head coach.
he's not taking any loss.
the money is just coming from VaTech instead of Penn State.
Posted on 11/19/25 at 7:52 am to DawgsLife
You don’t understand the terms of the buyout. He was never going to get that $40+ million from Penn St.
Posted on 11/19/25 at 8:40 am to 195bc
quote:
You don’t understand the terms of the buyout. He was never going to get that $40+ million from Penn St.
Maybe not. The way I read it was that he agreed to take only $9 million in return for them to keep whatever team he coached for not having to have the other $40 million count against them.
Had he not agreed to that, then he could have taken the entire $49 million and not been able to coach.
I have been accused of not understanding how things work, though.
Posted on 11/19/25 at 9:24 am to Chad4Bama
Solid hire.
He will be there 2-3 years before jumping to something big.
The ACC is wide open.
And with that timing, he can hit the portal hard.
He will be there 2-3 years before jumping to something big.
The ACC is wide open.
And with that timing, he can hit the portal hard.
Posted on 11/19/25 at 9:28 am to Chad4Bama
quote:There is more to it if true. So he basically paying Va Tech $40million minus his salary to work? bullshite!
he settled for $9 million?
Posted on 11/19/25 at 9:30 am to Chad4Bama
Everybody involved acted with professionalism. LSU should be taking notes.
Rodo
Rodo
Posted on 11/19/25 at 9:42 am to the808bass
quote:I was wondering how deep we would have to go in this thread, to find someone who actually understands mitigation clauses.
I’m sure every dollar of pay at VTech offset his buyout. His Penn State buyout was through 2031, so it works out to $6M/yr. So if he’s making just $6M/yr, he’s coming out $9M ahead (not counting the time value of money).
Posted on 11/19/25 at 9:43 am to Chad4Bama
I suspect he will settle in to producing a higher level of mediocrity which will be fine with Virginia Tech.
Posted on 11/19/25 at 9:44 am to DawgsLife
quote:Not how mitigation obligations work.
he could get $40 million for not working or $40 million for working. It makes no difference who is paying you, does it?
Posted on 11/19/25 at 10:07 am to sojourner44
I think he is pissed off and wants to win. He’s obviously capable. The contact he is signing will be saving VT about $1.5 million per year which can be rolled into the program, most probably in assistant coaches.
Posted on 11/19/25 at 10:21 am to Chad4Bama
Two things:
1) Perspective: $9 million in a lump sum is more money than almost all of us will see in our lifetimes. Don't feel sorry for him.
2) I have not seen details of the new contract, but VT almost assuredly has a buyout clause similar to the one he just settled. Again, don't feel sorry for him.
I always liked Franklin. Class individual, good (not great) coach. I am happy for him and his family. Some current and former SEC coaches could learn a lesson from him about humility and grace.
1) Perspective: $9 million in a lump sum is more money than almost all of us will see in our lifetimes. Don't feel sorry for him.
2) I have not seen details of the new contract, but VT almost assuredly has a buyout clause similar to the one he just settled. Again, don't feel sorry for him.
I always liked Franklin. Class individual, good (not great) coach. I am happy for him and his family. Some current and former SEC coaches could learn a lesson from him about humility and grace.
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