James Franklin contract details: Penn State ends LSU, USC rumors with new 10-year extension

One of the hottest names in college football coaching searches is officially off the market.

Penn State’s James Franklin agreed to a deal Tuesday that will keep him at the school for the next 10 years, until 2031. Franklin is in his eighth season leading the Nittany Lions.

Franklin had been linked to numerous open coaching gigs, most notably USC and LSU, despite Penn State’s relative struggles this season.

However, the 49-year-old who has described Penn State as a “dream job,” has also reaffirmed his commitment and loyalty to the program in recent weeks, as well.

“Penn State’s future is bright, and I’m honored to continue to serve as your head football coach,” Franklin said in a statement. “Nine weeks ago, the administration approached me about making a long-term investment in our football program. This prompted numerous conversations outlining the resources needed to be competitive at a level that matches the expectations and history of Penn State.”

The Nittany Lions are 7-4 this year and 67-32 in Franklin’s tenure in Happy Valley, with a game against Michigan State in East Lansing set for Saturday.

Here’s everything to know about Franklin’s contract extension, plus how it came together.

James Franklin contract details, salary

For much of his time at Penn State, Franklin has been one of the highest paid coaches in both the Big Ten and NCAA, with his $7 million annual salary ranking in the top 10.