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FINANCIALLY IT WAS EASIER FOR PSU TO FIRE FRANKLIN THAN IT WILL BE FOR FSU TO FIRE NORVELL

ajkreider said:
Franklin will get a deal structured like this:

10 years for $100 million
The first 6 years (until 2031) are $1 per year
Last 4 years are $25 million/year
Buyout is some percentage of the total value

Good for him, because he gets essentially double pay
Good for the team, because they defer those costs for 6 years - and can buy players with the cash
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I am sure there is offset language in his current buyout contract from PSU.
 
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JHallCanes said:
View attachment 339582
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IMG_9992.gif
 
Why did we nuke this guy? I was hyped on another potential all caps poster, even if that isn’t what he/she/it wumboed out to be
 
OrangeBowl 1984 said:
PSU was actually in a better position financial to fire Franklin (although I agree football wise it did not make sense), than FSU is to fire Norvell, because Franklin is the better coach. This may seem contradictory on its face, but I will explain. Franklin, on the open market, will be in much higher demand than Norvell and both of their contracts require them to seek future gainful employment as coaches at market rates. Breaking this down further, Franklin is due approximately 53 million over the next 6.5 years - approximately 8.5 million per year until 2031. Due to his relative success, Franklin likely would be able to get a job from a power 4 school (hopefully not FSU or Florida because he can recruit) in the 6 to 8 million range. This would offset the vast majority of money PSU would owe him.

Florida State is not so fortunate. Norvell can't recruit at a high level and (other than 1 aberrant year) has been a weak P4 coach. Probably the best job he could get at this point would be something like his old Memphis job (paying about 2.5 million per year). This would leave FSU on the hook for the vast majority of the 54 million due under his current deal. This is why PSU could fire the better coach and FSU can't fire a coach that hasn't won a conference game in over a year.
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the usual suspects GIF
 
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National media have said- right or wrong- that they are expecting somewhere in the neighborhood of $100 million in private equity cash infusion
This would nicely offset the cost of buying out Franklin and the staff
 
Franklin has to "Search" for a job, doesn't mean he has to TAKE a job. He just has to participate in the interview process, doesn't mean he can't make demands he know that the schools won't accept, which removes him as a candidate. Franklin would be best served sitting on the sidelines for a couple of years, until he's ready to come back. Don't let Penn State off the hook. Franklin is a **** good coach, he can hold out for THE JOB for him. If that comes open this year, he can take it and take it at a lower figure, and make PSU pay, or he can wait and still get paid.
 
Canedude08 said:
Easily debunked. Adidas isn't out here paying for buyouts for very good(but not hyper elite) coaches, knowing full well that it's more likely Penn State hires a Bill Callahan, than a Kirby Smart.
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And from what I understand Adidas' contract with Pedo State doesn't start until next year some time
 
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Canedude08 said:
Franklin has to "Search" for a job, doesn't mean he has to TAKE a job. He just has to participate in the interview process, doesn't mean he can't make demands he know that the schools won't accept, which removes him as a candidate. Franklin would be best served sitting on the sidelines for a couple of years, until he's ready to come back. Don't let Penn State off the hook. Franklin is a **** good coach, he can hold out for THE JOB for him. If that comes open this year, he can take it and take it at a lower figure, and make PSU pay, or he can wait and still get paid.
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I think he ends up at UF
 
It's the night of December 2nd, 2023. FSU just punched its ticket to the college football playoff by winning the ACC championship game. I come visit you from the future and say, "FSU will not make the playoff and Mike Norvell will be 5-14 over his next 19 games with only 2 P5 wins. Penn State is going to be 1 play away from the national championship game next year and then 9 months later Manny Diaz will be a candidate for that job. 3-9 Indiana will be a national title contender in a short time with a cuban QB. And Miami will be considered by some the #1 team in the country two years from now".
 
K.O.M.A. said:
And from what I understand Adidas' contract with Pedo State doesn't start until next year some time
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One of the things they taught us in my MBA marketing class was companies don't fund buyouts of coaches for schools they don't start a contract with until the following year
 
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