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Coaching changes: coaches hired and fired, comings and goings

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BuckeyeNation27 said:
I do not want Rhule at Penn State.
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Never happen (at least in this decade), they can't afford to fire Franklin without cause and nobody would give him a better offer to voluntarily leave:

Buyout Details of James Franklin's New Contract

Franklin can take another job in 2024 for $2 million. Meanwhile, Penn State faces a costly termination process.
Penn State would owe James Franklin $56 million to terminate him without cause in 2024, while Franklin would owe the university $2 million to leave for another job the same year, according to the buyout terms of his new contract.

Franklin and Penn State agreed to a new 10-year contract worth a guaranteed $70 million that includes multiple incentive clauses. Franklin will make an additional $1.5 million annually in incentives and can make up to $1 million per year in performance bonuses. The contract also makes it costly for Penn State to fire Franklin for performance reasons.

According to the buyout terms, Penn State would owe Franklin $8 million (his guaranteed salary plus a $1 million loan for life insurance) times the number of remaining years on the contract if it terminates him without cause.

As a result, Penn State's buyout is $72 million in 2022, $64 million in 2023 and $56 million in 2024. Even after five years, Franklin's termination buyout is $40 million.

Entire article: https://www.si.com/college/pennstate/football/penn-state-coach-james-franklin-contract-buyout-terms

Both Janes Franklin (Penn State) and Mel Tucker (Michigan Sate) leveraged the LSU opening into a contract (i.e. both dollars and years) way beyond their actual current worth.
 
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Report says Scott Frost in the running for open head coach job

A recent report lists a former Nebraska head football coach as a candidate for a newly open position in the state of Florida. According to Zac Blobner from 95.3 WDAE, recently fired Nebraska coach Scott Frost is a possible candidate for the newly opened job at the University of South Florida. Jeff Scott was fired as the head football coach at USF over the weekend after going 4-26 in his two-plus seasons, including a 1-8 record this year.

The report is clear that Frost is only a possible candidate for the job and is in no way the current front-runner. Blobner states that USF boosters are ready to spend the money to hire former Tampa Bay Buccaneers and Oakland/Las Vegas Raiders coach Jon Gruden.

“Sources tell me the #USF job is Jon Gruden’s if he wants it (1A) & a couple Bulls Boosters are ready to write the check now…”

It’s the last sentence of the report, though, that caught the attention of Nebraska fans.

“Bulls expected to put in a call to Scott Frost too if Gruden declines.”

Entire article: https://sports.yahoo.com/report-says-scott-frost-running-212755983.html
 
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