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James Franklin is one of the most successful and highest-paid college football coaches in the United States. He has been the head coach of the Penn State Nittany Lions since 2014 and has led them to several championships and bowl games. But how much does he earn per year? And what is his net worth in 2023? Moreover, how is he coping with the challenges of his personal life, especially the separation from his family due to the COVID-19 pandemic? In this article, we will answer these questions and more, based on the latest information available.
James Franklin Salary and Contract
James Franklin has a net worth of $25 million as of 2023. His annual salary is $7 million, which makes him the ninth highest-paid college football coach in the nation and the highest-paid in the Big Ten Conference. He also receives a $500,000 signing bonus and various incentives for performance and retention.
Franklin signed a 10-year contract extension with Penn State in November 2021, which will last until 2031. The contract guarantees him $7 million per year in base salary and supplemental pay, plus a life insurance loan of $1 million per year. The contract also includes a hefty buyout clause, which means that if Penn State wants to fire him, they would have to pay $8 million multiplied by the number of years remaining on the contract.
Franklin’s salary and contract reflect his achievements and reputation as one of the best coaches in college football. He has a career record of 103-51 as a head coach, including 79-36 at Penn State. He has won one Big Ten Championship (2016), one Big Ten East Division title (2016), and six bowl games. He has also been named the Hayes-Schembechler Coach of the Year (2016), Sporting News Coach of the Year (2016), and Woody Hayes Trophy winner (2016).
James Franklin Earning Career
Before becoming a head coach, James Franklin had a long and diverse career as an assistant coach and a player. He started his coaching career in 1995 as a wide receivers coach at Kutztown University of Pennsylvania. He then coached various positions at East Stroudsburg University of Pennsylvania, Roskilde Kings (Denmark), James Madison University, Washington State University, Idaho State University, University of Maryland, Green Bay Packers (NFL), Kansas State University, and Vanderbilt University.
As a player, Franklin was a quarterback at East Stroudsburg University of Pennsylvania from 1991 to 1994. He set seven school records and was a Division II player of the year nominee in 1994. He also earned a Bachelor of Science degree in psychology in 1995 and a master’s degree in educational leadership from Washington State University in 1999.
James Franklin Separation and Personal Life
James Franklin is married to Fumi Franklin, whom he met while coaching at Washington State University in 1998. They have two daughters, Shola and Addison. Addison has sickle cell anemia, which is a genetic blood disorder that affects the red blood cells and makes them prone to infections.
Due to the COVID-19 pandemic and the risk of exposure for Addison, Franklin’s family decided to temporarily relocate to Florida while he stayed in Pennsylvania to coach the Penn State team. This separation has been very difficult for Franklin, who said that his family is his “fuel” and that he has not done a good job of managing it.
Franklin said that his family will likely remain away until there is a vaccine for COVID-19. He also said that he will continue to lead his team with love and positivity despite the challenges and distractions.
Conclusion
James Franklin is one of the most respected and well-paid college football coaches in America. He has a net worth of $25 million and an annual salary of $7 million as of 2023. He has a successful career as a head coach, assistant coach, and player. He also has a loving family that supports him but is separated from him due to the COVID-19 pandemic. Franklin is an inspiring example of someone who works hard, leads with love, and overcomes adversity.
Most Asked Questions and Answers
Q: How old is James Franklin?
A: James Franklin is 51 years old as of 2023. He was born on February 2, 1972.
Q: Where is James Franklin from?
A: James Franklin is from Langhorne, Pennsylvania. He was born in Whitaker, Mississippi but moved to Canada with his family when he was young. He later moved back to Pennsylvania for college.
Q: What is James Franklin’s ethnicity?
A: James Franklin is African American. His father, Walter Franklin, was a Black American farmer, jeweler, watchmaker, and inventor. His mother, Angeline Franklin, was also Black American.
Q: What is James Franklin’s religion?
A: James Franklin was raised as a Baptist but later converted to Judaism. His father also converted to Judaism later in life and became a Rabbi.
Q: Who is James Franklin’s wife?
A: James Franklin’s wife is Fumi Franklin, whom he married in 2000. She is a former sports reporter and anchor for WTVF-TV in Nashville, Tennessee.
Q: How many children does James Franklin have?
A: James Franklin has two daughters, Shola and Addison. Addison has sickle cell anemia, which is a genetic blood disorder that affects the red blood cells.
Q: Where does James Franklin’s family live?
A: James Franklin’s family lives in Florida while he coaches the Penn State team in Pennsylvania. They decided to separate temporarily due to the COVID-19 pandemic and the risk of exposure for Addison, who is immunocompromised.
Q: How long has James Franklin been coaching Penn State?
A: James Franklin has been coaching Penn State since 2014. He replaced Bill O’Brien, who left to coach the Houston Texans in the NFL.
Q: How much does James Franklin make per year?
A: James Franklin makes $7 million per year in base salary and supplemental pay as of 2023. He also receives a $500,000 signing bonus and various incentives for performance and retention.
Q: What is James Franklin’s net worth in 2023?
A: James Franklin’s net worth is $25 million as of 2023. His net worth is based on his salary, contract, assets, and investments.
