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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.
Posted on 11/19/25 at 10:49 am to auggie
Went to grad school there. It is a wonderful place.
Posted on 11/19/25 at 12:19 pm to RelentlessAnalysis
quote:
Not how mitigation obligations work.
I understand that Penn State would be on the hook for $49 million through 2031, or $8+ million a year. IF Va. Tech hired him at $5million a year, then Penn State would make up the difference of $3+ million a year.
I guess my point is, he could just retire and have $8+ million a year for the next 6 years. Is this not correct?
Then he agreed to take $9 million from Penn State to be free and clear of the original $49 million.
Posted on 11/19/25 at 12:35 pm to DawgsLife
quote:No.
I guess my point is, he could just retire and have $8+ million a year for the next 6 years. Is this not correct?
These contracts almost invariably have a clause that requires them to make a good faith effort to find new employment and state that any income from such employment will offset any sums due under the old contract.
There ARE exceptions. See Jimbo Fisher, an exercise in profound incompetence on the part of A&M's negotiators.
Posted on 11/19/25 at 2:07 pm to RelentlessAnalysis
quote:
These contracts almost invariably have a clause that requires them to make a good faith effort to find new employment and state that any income from such employment will offset any sums due under the old contract.
Problem is determining if that coach is making a "good faith effort".
I mean, there is ALWAYS a way to get around vague verbiage. People on unemployment are also required to be seeking employment in order to collect. You go to an interview and make unreasonable demands or act dumb as a rock...
Posted on 11/19/25 at 2:14 pm to Aggie in TN
Franklin will win the ACC and make the playoffs inside three years.
Posted on 11/19/25 at 3:23 pm to Gideon Swashbuckler
Book it!
Posted on 11/19/25 at 3:27 pm to DawgsLife
quote:People keep saying this, as if unemployment is some road to easy street, but it pays less than half what you were earning before losing your job. I very much doubt that many people are doing this.
People on unemployment are also required to be seeking employment in order to collect. You go to an interview and make unreasonable demands or act dumb as a rock...
Posted on 11/19/25 at 3:35 pm to DawgsLife
quote:
Maybe. but he would, in essence still be working for free, would he not? he could get $40 million for not working or $40 million for working. It makes no difference who is paying you, does it?
He has to make a serious effort to find a similar paying job or PSU can refuse to pay him. He can't just sit home. It's in his contract.
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