James “not elite” Franklin (HC Penn St. Nittany Lions, Dead Man Walking)

[BuckBackHome]

I think he is doing great.

 

[Fungo Squiggly]

To a point. Some of that spending has to be in investments. Depending on the source, his net worth is between $12-$25 million. If he wanted to retire from the job, he would most likely negotiate a reduced buyout leaving him with millions being payed out over a period of years.

Yeah, start with $20M now and add another $30M after the buyout and he’s got $50M to play with. Even at a 4% withdrawal rate, he’s getting $2M per year. And not have to deal with Penn State fans? I think I’d find a way to get axed and then scrape by if I was in his shoes.